§ 57D-5-01 – Nature of ownership interest.
57D-5-01. Nature of ownership interest. An ownership interest is personal property. (2013-157, s. 2.)
§ 57D-5-02 – Transfer of economic interests.
57D-5-02. Transfer of economic interests. An economic interest is transferable in whole or in part. The transfer of an economic interest or portion thereof does not entitle the transferee to become or exercise any rights of a member other than to receive the economic interest or the portion thereof assigned to the transferee. (2013-157, s. […]
§ 57D-5-03 – Rights of judgment creditor.
57D-5-03. Rights of judgment creditor. (a) On application to a court of competent jurisdiction by any judgment creditor of an interest owner, the court may charge the economic interest of an interest owner with the payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only […]
§ 57D-5-04 – Certain rights and liabilities of economic interest owners and transferors of ownership interests.
57D-5-04. Certain rights and liabilities of economic interest owners and transferors of ownership interests. (a) An economic interest owner may become a member only with that person’s approval and through any of the following: (1) As provided in the operating agreement. (2) By the approval of the members as provided in G.S. 57D-3-03(2). (3) In […]
§ 57D-5-05 – No right to voluntarily withdraw capital or terminate obligations.
57D-5-05. No right to voluntarily withdraw capital or terminate obligations. Except as otherwise required by this Chapter or other applicable law, an interest owner may not (i) withdraw or compel the company to purchase or otherwise liquidate all or any portion of the equity owner’s capital interest or (ii) extinguish, abandon, or otherwise diminish the […]