Chapter 13: LIMITED LIABILITY COMPANIES ENACTED BY PL 1993, C. 718, PT. A, §1
Subchapter 2: FORMATION ENACTED BY PL 1993, C. 718, PT. A, §1
§622. Articles of organization
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).
Data for this page extracted on 10/14/2009 10:53:53.