N.D. Cent. Code § 45-23-04: Limited liability limited partnership formation and conversion of a limited partnership to a limited liability limited partnership or conversion of a limited liability limited partnership to a limited partnership

1.If a limited partnership does not exist, then a limited liability limited partnership may be formed by filing with the secretary of state, together with the fees provided in section 45-23-08, a certificate of limited liability limited partnership:

a.That complies with the name requirements in section 45-23-03;

b.That contains a statement that limited liability limited partnership status is elected; and

c.That otherwise conforms to the requirements of section 45-10.2-23.

2.An existing limited partnership:

a.May elect to convert to a limited liability limited partnership:

(1)By obtaining the consent of each general partner to convert the limited partnership to a limited liability limited partnership unless:

(a)The certificate of limited partnership or the partnership agreement of the limited partnership provides for the conversion with the consent of less than all general partners; and

(b)Each general partner that does not consent to the amendment of conversion has consented to that provision of the partnership agreement. A partner does not give the consent required by subparagraph a by consenting to a provision in the partnership agreement which permits the partnership agreement to be amended with the consent of fewer than all partners;

(2)By complying with the name requirements of section 45-23-03; and

(3)By filing with the secretary of state, together with the fees provided in sections 45-10.2-109 and 45-23-08, a record that is designated as both an amended certificate of limited partnership and a certificate of limited liability limited partnership which:

(a)Amends the limited partnership name to comply with the name requirements of section 45-23-03;

(b)Contains a statement that limited liability limited partnership status is elected; and

(c)Otherwise conforms to the requirements of section 45-10.2-23.

b.Which converts to a limited liability limited partnership is for all purposes the same entity that existed before the conversion.

3.An existing limited liability limited partnership:

a.May elect to convert to a limited partnership:

(1)By obtaining the consent of each general partner to convert the limited liability limited partnership to a limited partnership unless:

(a)The certificate of limited liability limited partnership or the partnership agreement of the limited liability limited partnership provides for the conversion with the consent of less than all general partners; and

(b)Each general partner that does not consent to the amendment of conversion has consented to that provision of the partnership agreement. A partner does not give the consent required by subparagraph a by consenting to a provision in the partnership agreement which permits the partnership agreement to be amended with the consent of fewer than all partners;

(2)By complying with the name requirements of section 45-10.2-11; and

(3)By filing with the secretary of state, together with the fees provided in sections 45-10.2-109 and 45-23-08, a record that is designated as both an amended certificate of limited liability limited partnership and a certificate of limited partnership which:

(a)Amends the limited liability limited partnership name to comply with the name requirements of section 45-10.2-11; and

(b)Otherwise conforms to the requirements of section 45-10.2-23.

b.Which converts to a limited partnership is for all purposes the same entity that existed before the conversion.