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115 chapters · 1,834 sections in this title.
4 CMC § 4334 Service on Corporation
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Service on Corporation. (a) A corporation’s registered agent is the corporation’s agent for service of process, notice, or demand required or permitted by law to be served on the corporation. (b) If a corporation has no registered agent, or the agent cannot with reasonable dilige…
4 CMC § 4871 Member's Distributional Interest
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Member’s Distributional Interest. (a) A member is not a co-owner of, and has no transferable interest in, property of a limited liability company. (b) A distributional interest in a limited liability company is personal property and, subject to sections 4872 and 4873, may be tran…
4 CMC § 4872 Transfer of Distributional Interest
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Transfer of Distributional Interest. A transfer of a distributional interest does not entitle the transferee to become or to exercise any rights of a member. A transfer entitles the transferee to receive, to the extent transferred, only the distributions to which the transferor w…
4 CMC § 4873 Rights of Transferee
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Rights of Transferee. (a) A transferee of a distributional interest may become a member of a limited liability company if and to the extent that the transferor gives the transferee the right in accordance with authority described in the operating agreement or all other members co…
