{"data":{"id":"us-nd/n.d.-cent.-code-10-32.1-49","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 10-32.1-49","heading":"Effect of the dissociation of a person as member","body":"1.When a person is dissociated as a member of a limited liability company:\na.The right of the person to participate as a member in the management and conduct of the activities of the company terminates;\nb.If the company is member-managed, then the fiduciary duties of the person as a member end with regard to matters arising and events occurring after the dissociation of the person; and\nc.Subject to sections 10-32.1-46 and 10-32.1-55 through 10-32.1-71, any transferable interest owned by the person immediately before dissociation in the capacity of the person as a member is owned by the person solely as a transferee.\n2.The dissociation of a person as a member of a limited liability company does not of itself discharge the person from any debt, obligation, or other liability to the company or the other members that the person incurred while a member.","path":["Title 10 Corporations","Chapter 10-32.1 Uniform Limited Liability Company Act"],"source_url":"https://ndlegis.gov/cencode/t10c32-1.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"77aa955c1150645cf271052327c0a18d36362089ea9cd05419ad6391a17527b8","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-10-32.1-48","next":"us-nd/n.d.-cent.-code-10-32.1-50"},"notice":"GroundRules: Original legal text. Not legal advice."}