Relating to defining the term low-profit limited liability company; and to amend and reenact section 10‑06.1‑17, subsection 38 of section 10‑32‑02, subsections 2, 5, and 6 of section 10‑32‑02.2, subdivision b of subsection 1 of section 10‑32‑10, subsection 1 of section 10‑32‑114, subsection 2 of section 10‑32‑149, and subdivision c of subsection 1 of section 57‑38‑31.1 of the North Dakota Century Code, relating to low-profit limited liability companies; and to provide for codification in the event of repeal of chapter 10‑32for an Act to provide for a legislative management study of hybrid limited liability corporations.
Last Official Action
Second reading, failed to pass, yeas 22 nays 70
