2014 North Carolina General Statutes
Chapter 57D - North Carolina Limited Liability Company Act.
Article 5 - Transfer of Ownership Interests; Withdrawal.
§ 57D-5-05 - No right to voluntarily withdraw capital or terminate obligations.
57D-5-05. No right to voluntarily withdraw capital or terminate obligations.
Except as otherwise required by this Chapter or other applicable law, an interest owner may not (i) withdraw or compel the company to purchase or otherwise liquidate all or any portion of the equity owner's capital interest or (ii) extinguish, abandon, or otherwise diminish the interest owner's obligations in respect of the interest owner's ownership interest. (2013-157, s. 2.)
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