Section 35-8-106 - Purpose(1) A limited liability company organized under 35-8-201 through 35-8-211 has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of organization.(2) Limited liability companies may be organized under 35-8-201 through 35-8-211 for any lawful purpose except for the purpose of banking or insurance. For purposes of this subsection, the term "insurance" does not include a limited liability company organized for the lawful purpose of captive insurance under Title 33, chapter 28.Amended by Laws 2015, Ch. 205, Sec. 1, eff. 4/8/2015.En. Sec. 6, Ch. 120, L. 1993.