N.D. Cent. Code § 45-10.2-94

Current through 2023 Legislative Sessions
Section 45-10.2-94 - (1102) Conversion
1. An organization other than a limited partnership may convert to a limited partnership, and a limited partnership may convert to another organization other than a general partnership pursuant to this section and sections 45-10.2-95 through 45-10.2-99 and a plan of conversion, if:
a. The governing statute of the other organization authorizes the conversion;
b. The conversion is not prohibited by the law of the jurisdiction that enacted the governing statute; and
c. The other organization complies with its governing statute in effecting the conversion.
2. For the purposes of sections 45-10.2-94 through 45-10.2-99, unless the context clearly indicates a different meaning is intended:
a. "Certificate of creation" means:
(1) A certificate of incorporation, if the converted organization is a corporation deemed to be incorporated under chapter 10-19.1;
(2) A certificate of organization, if the converted organization is a limited liability company deemed to be organized under chapter 10-32.1;
(3) A certificate of limited partnership, if the converted organization is a limited partnership deemed to be formed under this chapter;
(4) The filed registration if the converting organization is a limited liability partnership deemed to be established under chapter 45-22; or
(5) A certificate of limited liability limited partnership, if the converted organization is a limited liability limited partnership deemed to be formed under chapter 45-23.
b. "Date of origin" means the date on which:
(1) A corporation that is:
(a) The converting organization was incorporated; or
(b) The converted organization is deemed to be incorporated;
(2) A limited liability company that is:
(a) The converting organization was organized; or
(b) The converted organization is deemed to be organized;
(3) A general partnership that is the converting organization was formed;
(4) A limited partnership that is:
(a) The converting organization was formed; or
(b) The converted organization is deemed to be formed;
(5) A limited liability partnership that is:
(a) The converting organization was formed; or
(b) The converted organization is deemed to be formed; and
(6) A limited liability limited partnership that is:
(a) The converting organization was formed; or
(b) The converted organization is deemed to be formed.
c. "Filed registration" means the registration of a limited liability partnership that has been filed with the secretary of state.
d. "General partnership" shall mean an organization formed under chapters 45-13 through 45-21.
e. "Organizational records" means for an organization that is:
(1) A corporation, its articles of incorporation and bylaws;
(2) A limited liability company, its articles of organization, operating agreement or bylaws, and any member-control agreement;
(3) A limited partnership, its partnership agreement;
(4) A limited liability partnership, its partnership agreement; or
(5) A limited liability limited partnership, its partnership agreement.
f. "Originating record" means for an organization that is:
(1) A corporation, its articles of incorporation;
(2) A limited liability company, its articles of organization;
(3) A limited partnership, its certificate of limited partnership;
(4) A limited liability partnership, its registration; or
(5) A limited liability limited partnership, its certificate of limited liability limited partnership.

N.D.C.C. § 45-10.2-94

Amended by S.L. 2015, ch. 87 (HB 1136),§ 29, eff. 7/1/2015.