Minn. Stat. § 322C.0104

Current through Register Vol. 49, No. 8, August 19, 2024

Section 322C.0104 - NATURE, PURPOSE, AND DURATION OF LIMITED LIABILITY COMPANY

Subdivision 1.Separate entity.

A limited liability company is an entity distinct from its members.

Subd. 2.Permitted purposes.

Except for a nonprofit limited liability company subject to section 322C.1101, which must comply with that section, a limited liability company may have any lawful purpose.

Subd. 3.Duration.

A limited liability company has perpetual duration.

Minn. Stat. § 322C.0104

2014 c 157 art 1 s 4

Added by 2014 Minn. Laws, ch. 157,s 1-4, eff. 8/1/2015.