§ 59-1103 – Severability.
59-1103. Severability. If any provision of this Article or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of the Article which can be given effect without the invalid provision or application, and to this end the provisions of this Article are severable. (1985 (Reg. […]
§ 59-1104 – Effective date and repeal.
59-1104. Effective date and repeal. (a) Except as set forth below, the effective date of this Article is October 1, 1986, and Article 1 of Chapter 59 of the North Carolina General Statutes is hereby repealed subject to the following: (1) G.S. 59-501, 59-502, and 59-608 shall apply only to contributions and distributions made after […]
§ 59-1106 – Filing, service, and copying fees.
59-1106. Filing, service, and copying fees. (a) The Secretary of State shall collect the following fees when the documents described in this subsection are delivered to the Secretary of State for filing: Document Fee (1) Certificate of limited partnership which does not include an application for registration as a limited liability limited partnership ……………….. $50.00 […]
§ 59-1107 – Income taxation.
59-1107. Income taxation. A limited partnership, a foreign limited partnership authorized to transact business in this State, and a partner of one of these partnerships are subject to taxation under Article 4 of Chapter 105 of the General Statutes in accordance with their classification for federal income tax purposes. Accordingly, if a limited partnership or […]
§ 59-1070 – Merger.
59-1070. Merger. A domestic limited partnership may merge with one or more other domestic limited partnerships or other business entities if: (1) The merger is permitted by the laws of the state or country governing the organization and internal affairs of each other merging business entity; and (2) Each merging domestic limited partnership and each […]
§ 59-1071 – Plan of merger.
59-1071. Plan of merger. (a) Each merging domestic limited partnership and each other merging business entity shall approve a written plan of merger containing all of the following: (1) For each merging business entity, its name, type of business entity, and the state or country whose laws govern its organization and internal affairs. (2) The […]
§ 59-1072 – Articles of merger.
59-1072. Articles of merger. (a) After a plan of merger has been approved by each merging domestic limited partnership and each other merging business entity as provided in G.S. 59-1071, the surviving business entity shall deliver articles of merger to the Secretary of State for filing. The articles of merger shall set forth: (1) Repealed […]
§ 59-1073 – Effects of merger.
59-1073. Effects of merger. (a) When the merger takes effect: (1) Each other merging business entity merges into the surviving business entity, and the separate existence of each merging business entity except the surviving business entity ceases; (2) The title to all real estate and other property owned by each merging business entity is vested […]
§ 59-1101 – Construction and application.
59-1101. Construction and application. This Article shall be so applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this Article among states enacting it. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
§ 59-1102 – Rules for cases not provided for in this Article.
59-1102. Rules for cases not provided for in this Article. In any case not provided for in this Article the provisions of Article 2 of this Chapter govern. (1985 (Reg. Sess., 1986), c. 989, s. 2.)