Section 72-03-01-02 - Series disclosure - DomesticThe establishment of a series in an operating agreement must be disclosed to the secretary of state.
1. The domestic parent limited liability company shall file articles of organization with the secretary of state. a. If the series is established at the time of the filing of articles of organization of the parent limited liability company, the establishment, along with the name of each child series, must be disclosed in those articles of organization.b. If the series is established any time after the filing of articles of organization of the parent limited liability company, the establishment, along with the name of each child series, must be disclosed promptly in articles of amendment filed with the secretary of state in compliance with North Dakota Century Code section 10-32.1-21.2. A copy of the operating agreement may not be accepted by the secretary of state as a form of disclosure of the establishment of a series.N.D. Admin Code 72-03-01-02
Adopted by Administrative Rules Supplement 2020-377, July 2020, effective 7/1/2020.General Authority: NDCC 10-32.1-102(14)
Law Implemented: NDCC 10-32.1-102