57D-3-03. Approval of members.
The approval of all members is required to do any of the following:
(1) Adopt or amend an operating agreement.
(2) Admit any person as a member.
(3) Other than in the ordinary course of business, transfer in one transaction or a series of related transactions all or substantially all of the assets of the LLC prior to the dissolution of the LLC.
(4) Dissolve the LLC under circumstances other than those for which the LLC may be dissolved under Article 6 of this Chapter.
(5) Convert the LLC into a different eligible entity under Article 9 of this Chapter.
(6) Merge the LLC with or into another eligible entity under Article 9 of this Chapter. (2013-157, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 57D - North Carolina Limited Liability Company Act
Article 3 - Membership and Management.
§ 57D-3-01 - Admission of members; economic interest owners.
§ 57D-3-02 - Cessation of membership.
§ 57D-3-03 - Approval of members.
§ 57D-3-04 - Information rights.
§ 57D-3-20 - Management; managers.
§ 57D-3-21 - Duties of company officials; standards of conduct.
§ 57D-3-22 - Delegation of authority of managers and other company officials.
§ 57D-3-23 - Application to company officials.
§ 57D-3-30 - Liability of members, managers, and other company officials to third parties.