N.D. Cent. Code § 10-32.1-98
This is the official text of N.D. Cent. Code § 10-32.1-98, 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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10-32.1-98. Attorney general - Action by the attorney general
Official statutory text
10-32.1-98. Attorney general - Action by the attorney general
1. A limited liability company may be involuntarily dissolved, wound up, and terminated
by a decree of a court in this state in an action filed by the attorney general when it is
established that:
a. The articles of organization were procured through fraud;
b. The limited liability company was organized for a purpose not permitted by this
chapter;
c. The limited liability company failed to comply with the requirements essential to
organization under this chapter;
d. The limited liability company has flagrantly violated a provision of this chapter,
has violated a provision of this chapter more than once, or has violated more than
one provision of this chapter; or
e. The limited liability company has acted, or failed to act, in a manner that
constitutes surrender or abandonment of the limited liability company privileges or
enterprise.
2. The attorney general may bring an action to enjoin a foreign limited liability company
from transacting business in this state in violation of this chapter.
3. An action must not be commenced under this section until thirty days after notice to
the limited liability company by the attorney general of the reason for the filing of the
action. If the reason for filing the action is an act that the limited liability company has
done, or omitted to do, and the act or omission may be corrected by an amendment of
the articles of organization, a member control agreement, or the bylaws or by
performance of or abstention from the act, then the attorney general shall give the
limited liability company thirty additional days in which to effect the correction before
filing the action.
1. A limited liability company may be involuntarily dissolved, wound up, and terminated
by a decree of a court in this state in an action filed by the attorney general when it is
established that:
a. The articles of organization were procured through fraud;
b. The limited liability company was organized for a purpose not permitted by this
chapter;
c. The limited liability company failed to comply with the requirements essential to
organization under this chapter;
d. The limited liability company has flagrantly violated a provision of this chapter,
has violated a provision of this chapter more than once, or has violated more than
one provision of this chapter; or
e. The limited liability company has acted, or failed to act, in a manner that
constitutes surrender or abandonment of the limited liability company privileges or
enterprise.
2. The attorney general may bring an action to enjoin a foreign limited liability company
from transacting business in this state in violation of this chapter.
3. An action must not be commenced under this section until thirty days after notice to
the limited liability company by the attorney general of the reason for the filing of the
action. If the reason for filing the action is an act that the limited liability company has
done, or omitted to do, and the act or omission may be corrected by an amendment of
the articles of organization, a member control agreement, or the bylaws or by
performance of or abstention from the act, then the attorney general shall give the
limited liability company thirty additional days in which to effect the correction before
filing the action.
Status: in_force · Read it on the official government site
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