N.D. Cent. Code § 1-02-29: Repeal of incorporating law does not dissolve existing corporation or limited liability company
Where this section sits in the code
- Title 1 General Provisions
- Chapter 1-02 Rules Of Interpretation
No existing corporation or limited liability company is dissolved on account of the repeal of any statute pursuant to which it was organized, nor may the powers specified in its charter, certificate, articles of incorporation, or articles of organization be impaired or limited thereby. No repeal impairs, annuls, diverts, or disturbs any vested rights, privileges, or powers actually exercised and enjoyed in or by any corporation or limited liability company under such repealed laws.
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