Applicability of laws governing business organizations

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§ 21. Applicability of laws governing business organizations

Depending on the permitted type of organizational form, the provisions of Titles 11, 11A, and 11B, relating to corporations, limited liability companies, limited liability partnerships, limited partnerships, partnerships, mutual and cooperative organizations and other organizations, shall apply to business organizations regulated under this title. In the case of a conflict and to the extent that such provisions may be inconsistent with the provisions of Titles 11, 11A, and 11B, the provisions of this title shall control. (Added 1999, No. 153 (Adj. Sess.), § 1, eff. Jan. 1, 2001.)


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