North Carolina S307 creates special economic interest owners for limited liability companies and grants them information rights and standing to seek.

North Carolina S307 revises the state's limited liability company laws to create special economic interest owners. These owners, who are not members but hold an economic interest, gain rights to information and the ability to seek judicial dissolution. The bill specifies conditions under which a person ceases to be a member, such as bankruptcy or incapacity, and outlines the rights and obligations of special economic interest owners. This act becomes effective October 1, 2025, and applies to requests for information and actions for dissolution commenced on or after that date.

North Carolina S307 creates special economic interest owners for limited liability companies and grants them information rights and standing to seek.

North Carolina S307 revises the state's limited liability company laws to create special economic interest owners. These owners, who are not members but hold an economic interest, gain rights to information and the ability to seek judicial dissolution. The bill specifies conditions under which a person ceases to be a member, such as bankruptcy or incapacity, and outlines the rights and obligations of special economic interest owners. This act becomes effective October 1, 2025, and applies to requests for information and actions for dissolution commenced on or after that date.