N.D. Cent. Code § 10-32.1-27

This is the official text of N.D. Cent. Code § 10-32.1-27, 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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10-32.1-27. Becoming a member

Official statutory text

10-32.1-27. Becoming a member

1. If a limited liability company is to have only one member upon formation, then the

person becomes a member as agreed by that person and the organizer of the

company. That person and the organizer may be, but need not be, different persons. If

different, then the organizer acts on behalf of the initial member.

2. If a limited liability company is to have more than one member upon formation, then

those persons become members as agreed by the persons before the formation of the

company. The organizer acts on behalf of the persons in forming the company and

may be, but need not be, one of the persons.

3. A shelf limited liability company shall not be allowed under this chapter.

4. After a limited liability company has or has had at least one member, a person

becomes a member:

a. As provided in the operating agreement;

b. As the result of a transaction effective under sections 10-32.1-55 through

10-32.1-71;

c. With the consent of all the members; or

d. If, within ninety consecutive days after the company ceases to have any

members:

(1) The last person to have been a member, or the legal representative of that

person, designates a person to become a member; and

(2) The designated person consents to become a member.

5. A person may become a member without acquiring a transferable interest and without

making or being obligated to make a contribution to the limited liability company.

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.