N.D. Cent. Code § 10-32.1-14
This is the official text of N.D. Cent. Code § 10-32.1-14, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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10-32.1-14. Operating agreement effect on a limited liability company and persons becoming members - Preformation agreement
Official statutory text
10-32.1-14. Operating agreement effect on a limited liability company and persons
becoming members - Preformation agreement.
1. A limited liability company is bound by and may enforce the operating agreement,
whether or not the company has itself manifested assent to the operating agreement.
2. A person that becomes a member of a limited liability company is deemed to assent to
the operating agreement.
3. Two or more persons intending to become the initial members of a limited liability
company may make an agreement providing that upon the formation of the company
the agreement will become the operating agreement. One person intending to become
the initial member of a limited liability company may assent to terms providing that
upon the formation of the company the terms will become the operating agreement.
becoming members - Preformation agreement.
1. A limited liability company is bound by and may enforce the operating agreement,
whether or not the company has itself manifested assent to the operating agreement.
2. A person that becomes a member of a limited liability company is deemed to assent to
the operating agreement.
3. Two or more persons intending to become the initial members of a limited liability
company may make an agreement providing that upon the formation of the company
the agreement will become the operating agreement. One person intending to become
the initial member of a limited liability company may assent to terms providing that
upon the formation of the company the terms will become the operating agreement.
Status: in_force · Read it on the official government site
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