# N.D. Cent. Code § 10-32.1-07: 10-32.1-07. Nature, purpose, and duration of a limited liability company

> North Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ND_T10_C10-32.1_S10-32.1-07

## Section

- **Citation:** N.D. Cent. Code § 10-32.1-07
- **Heading:** 10-32.1-07. Nature, purpose, and duration of a limited liability company
- **Jurisdiction:** North Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** ND Code / Title 10 / Chapter 10-32.1 / Section 10-32.1-07

## Text

10-32.1-07. 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.

## Nearby sections

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ND_T10_C10-32.1_S10-32.1-07. Check the current official text before relying on it. Not legal advice.