N.C. Gen. Stat. § 57D-5-05

Current through Session Law 2024-51
Section 57D-5-05 - No right to voluntarily withdraw capital or terminate obligations

Except as otherwise required by this Chapter or other applicable law, an interest owner may not (i) withdraw or compel the company to purchase or otherwise liquidate all or any portion of the equity owner's capital interest or (ii) extinguish, abandon, or otherwise diminish the interest owner's obligations in respect of the interest owner's ownership interest.

N.C. Gen. Stat. § 57D-5-05

Added by 2013 N.C. Sess. Laws 157,s. 2, eff. 1/1/2014.