State Codes and Statutes
Statutes > North-carolina > Chapter_57C > GS_57C-5-05§ 57C‑5‑05. Powers of legal representative of a dissolved member.
Unless otherwise provided inthe articles of organization or a written operating agreement, if a member is acorporation, trust, or other entity and is dissolved or terminated, the powersof that member may be exercised by its legal representative or successor forthe purpose of liquidating, winding up, and making final distributions of theentity's assets to its owners, beneficiaries, or creditors. (1993, c. 354, s. 1; 2009‑247,s. 5.)
