31 §622. Articles of organization (WHOLE SECTION TEXT EFFECTIVE UNTIL 7/1/11)
Title 31: PARTNERSHIPS AND ASSOCIATIONS
Chapter 13: LIMITED LIABILITY COMPANIES
Subchapter 2: FORMATION ENACTED BY PL 1993, C. 718, PT. A, §1
§622. Articles of organization
(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE UNTIL 7/1/11)
1. Articles of organization. In order to form a limited liability company, articles of organization must be filed with the Secretary of State. The articles must set forth:
A. The name of the limited liability company; [1993, c. 718, Pt. A, §1 (NEW).]
B. The information required by Title 5, section 105, subsection 1; [2007, c. 323, Pt. D, §11 (AMD); 2007, c. 323, Pt. G, §4 (AFF).]
C. If management of the limited liability company is vested in a manager or managers:
(1) A statement to that effect;
(2) The minimum and maximum number of managers permitted; and
(3) If the initial managers have been selected, the name and the business, residence or mailing address of each initial manager. [1995, c. 514, §6 (AMD).]
D. Other matters the members include in the articles of organization. [1993, c. 718, Pt. A, §1 (NEW).]
[ 2007, c. 323, Pt. D, §11 (AMD); 2007, c. 323, Pt. G, §4 (AFF) .]
2. Date of organization. A limited liability company is formed at the time of the filing of the initial articles of organization with the Secretary of State if there has been substantial compliance with the requirements of this section. A limited liability company formed under this chapter is a separate legal entity whose existence as a separate legal entity continues until cancellation of the limited liability company's articles of organization.
[ 1993, c. 718, Pt. A, §1 (NEW) .]
SECTION HISTORY
1993, c. 718, §A1 (NEW). 1995, c. 514, §6 (AMD). 2007, c. 323, Pt. D, §11 (AMD). 2007, c. 323, Pt. G, §4 (AFF). 2009, c. 629, Pt. A, §1 (RP). 2009, c. 629, Pt. A, §3 (AFF).