SB2223 — AN ACT to create and enact section 10‑32.1‑30.1 of the North Dakota Century Code, relating to sharing of profits and losses; to amend and reenact subsection 2 of section 10‑32.1‑15, section 10‑32.1‑30, subsection 2 of section 10‑32.1‑39, and sections 10‑32.1‑45, 10‑32.1‑54, 45‑10.2‑64, and 45‑17‑04 of the North Dakota Century Code, relating to limited liability company distributions and management and partnership transferable interests.

SB2223 — AN ACT to create and enact section 10‑32.1‑30.1 of the North Dakota Century Code, relating to sharing of profits and losses; to amend and reenact subsection 2 of section 10‑32.1‑15, section 10‑32.1‑30, subsection 2 of section 10‑32.1‑39, and sections 10‑32.1‑45, 10‑32.1‑54, 45‑10.2‑64, and 45‑17‑04 of the North Dakota Century Code, relating to limited liability company distributions and management and partnership transferable interests. · Informed CitizenrySB2223 amends the North Dakota Century Code to modify the rules governing limited liability companies (LLCs) and partnerships. Key changes include: 1. LLC Distributions: For LLCs created after Ju…Open in Informed Citizenry