North Dakota Century Code Title 10. Corporations § 10-32.1-49. Effect of the dissociation of a person as member

a. The right of the person to participate as a member in the management and conduct of the activities of the company terminates;

b. If the company is member-managed, then the fiduciary duties of the person as a member end with regard to matters arising and events occurring after the dissociation of the person; and

c. Subject to sections 10-32.1-46 and 10-32.1-55 through 10-32.1-71, any transferable interest owned by the person immediately before dissociation in the capacity of the person as a member is owned by the person solely as a transferee.