{"data":{"id":"us-nc/n.c.-gen.-stat.-57d-10-01","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 57D-10-01","heading":"Purpose; public policy.","body":"(a)\tThis Chapter is to be applied to promote its purposes and policies.\n(b)\tThe purpose of this Chapter is to provide a flexible framework under which one or more persons may organize and manage one or more businesses as they determine to be appropriate with minimum prescribed formalities or constraints.\n(c)\tIt is the policy of this Chapter to give the maximum effect to the principle of freedom of contract and the enforceability of operating agreements. (2013-157, s. 2.)","path":["Chapter 57D. North Carolina Limited Liability Company Act.","Article 10. Miscellaneous."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_57D/GS_57D-10-01.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:47Z","sha256":"70398e852a8e4fe494e31b1dd44504111047d70c32997fb7af5fc6f7c93cea4d","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-57d-9-49","next":"us-nc/n.c.-gen.-stat.-57d-10-02"},"notice":"GroundRules: Original legal text. Not legal advice."}