N.D. Cent. Code § 10-32.1-26

This is the official text of N.D. Cent. Code § 10-32.1-26, 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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10-32.1-26. Liability of members, managers, and governors

Official statutory text

10-32.1-26. Liability of members, managers, and governors

1. The debts, obligations, or other liabilities of a limited liability company, whether arising

in contract, tort, or otherwise:

a. Are solely the debts, obligations, or other liabilities of the company; and

b. Do not become the debts, obligations, or other liabilities of a member, manager,

or governor solely by reason of the member acting as a member, manager acting

as a manager, or governor acting as a governor.

2. The failure of a limited liability company to observe formalities relating exclusively to

the management of its internal affairs is not a ground for imposing liability on the

members, managers, or governors for the debts, obligations, or other liabilities of the

company.

3. Except as relates to the failure of a limited liability company to observe any formalities

relating exclusively to the management of its internal affairs, the case law that states

the conditions and circumstances under which the corporate veil of a corporation may

be pierced under North Dakota law also applies to limited liability companies.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.