§ 29-4003 – Entity restructuring transactions
29-4003. Entity restructuring transactions A. If a plan is approved as provided by section 29-4004, a domestic limited liability company may be a party to or otherwise undertake a transaction by adopting a plan and otherwise complying with this article and: 1. Chapter 6, article 2 of this title for a merger. 2. Chapter 6, […]
§ 29-4004 – Action on plan
29-4004. Action on plan If a domestic limited liability company is a merging, converting, domesticating or dividing entity or the acquired entity in an interest exchange, a plan must be approved by all the members of the company entitled to vote on or consent to any matter.
§ 29-4005 – Statement of merger or other transaction as articles of termination; publication or posting
29-4005. Statement of merger or other transaction as articles of termination; publication or posting A. A statement of merger, conversion, domestication or division shall serve as the articles of termination for a domestic limited liability company that is not the surviving or resulting business entity in a transaction. B. If a statement of merger includes […]
§ 29-4101 – Definitions
29-4101. Definitions In this article, unless the context otherwise requires: 1. " License" means a license, a certificate of registration or any other evidence of the satisfaction of the requirements of a licensing authority for the practice of a professional service. 2. " Licensed person" means a person who is duly licensed by at least […]
§ 29-4102 – Professional limited liability company formation
29-4102. Professional limited liability company formation A. One or more persons may form a professional limited liability company by filing articles of organization with the commission that, in addition to the information required under section 29-3201, specify both of the following: 1. That the company is a professional limited liability company. 2. The professional service […]
§ 29-4103 – Exclusions from article
29-4103. Exclusions from article A. This article does not alter the right of licensed persons to perform professional services in any other business form allowed by law. B. This article does not prohibit a professional limited liability company from employing persons who are not licensed to perform professional services that are rendered by the company […]
§ 29-4104 – Application of general limited liability company law
29-4104. Application of general limited liability company law Professional limited liability companies shall be governed by the laws applicable to other limited liability companies except insofar as the laws are limited or enlarged by or contrary to this article, in any of which events this article shall be controlling.
§ 29-4105 – Special restrictions
29-4105. Special restrictions A. A professional limited liability company may render a category of professional services in this state only through its members, managers, officers, agents and employees who are themselves licensed persons qualified in this state to perform that category of professional services. This article does not limit or restrict the operation of any […]
§ 29-4106 – Name
29-4106. Name The name of a professional limited liability company authorized to transact business in this state shall satisfy the requirements of section 29-3112, except that the name shall contain the words " professional limited liability company" or the abbreviation " P.L.L.C." , " P.L.C." , " PLLC" or " PLC" in uppercase or lowercase […]
§ 29-3709 – Reinstatement
29-3709. Reinstatement A. A limited liability company that is administratively dissolved under section 29-3708 may apply to the commission for reinstatement not later than six years after the effective date of dissolution. B. If the limited liability company has not applied for reinstatement within six months after the effective date of the administrative dissolution, the […]