NDAC 72-03-01-04
Child series
Cite as N.D. Admin. Code § 72-03-01-04
1
The name of each child series must be:
a.
Provided in the parent limited liability company's articles or amended articles of
organization, or certificate or amended certificate of authority, filed with the secretary of
state; and
b.
Registered as a trade name with the secretary of state under North Dakota Century Code
chapter 47-25, with the owner being the parent limited liability company.
2.
For transparency purposes, each child series must be named in accordance with one of the
following naming convention options:
a.
The name must begin with the full name of the parent limited liability company, followed
by the word "series" and the numeric designation beginning with the number 1;
Example:
Parent: Grand Properties LLC
Child: Grand Properties LLC Series 1
Child: Grand Properties LLC Series 2
or
b.
Words to further differentiate the series may be a part of the name if the words:
(1)
Follow the full name of the parent limited liability company;
(2)
Are offset by a hyphen at the beginning and at the end of the differentiating words;
and
(3)
Are followed by the word "series" and the numeric designation beginning with the
number 1.
Example:
Parent: Grand Properties LLC
Child: Grand Properties LLC - Main Street Apartments - Series 1
Child: Grand Properties LLC - Twilight Manor - Series 2
3.
If a parent limited liability company amends its name, the name of each child series also must
be amended to conform to the naming requirements in this section.
a.
The amended child series name must be provided in the amended articles of
organization or amended certificate of authority in which the parent limited liability
company amends its name; and
b.
The trade name of each child series must be canceled and a new trade name must be
registered.