Nature, purpose, and duration of a limited liability company
N.D. Cent. Code § 10-32.1-07
in effect10-32.1-07. Nature, purpose, and duration of a limited liability company
1. A limited liability company is an entity distinct from its members.
2. Except for a nonprofit limited liability company subject to chapter 10-36, which must
comply with that chapter, a limited liability company may have any lawful purpose.
3. A limited liability company has perpetual duration unless stated otherwise in articles of
organization filed with the secretary of state prior to July 1, 2015.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t10c32-1.pdf#nameddest=10-32p1-07Fetched: 10/16/2026