Organization

Organization. (a) One or more persons may organize a limited liability company, consisting of one or more members, by delivering articles of organization to the office of the Registrar of Corporations for filing. (b) Unless a delayed effective date is specified, the existence of a limited liability company begins when the articles of organization are filed. (c) The filing of the articles of organization by the Registrar of Corporations is conclusive proof that the organizers satisfied all conditions precedent to the creation of a limited liability company. Source: PL 14-11, § 2 (202). Commission Comment: See the comment to 4 CMC § 4801 regarding PL 14-11.