Chapter 322C

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Section 322C.0104

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Recent History

2014 322C.0104 New 2014 c 157 art 1 s 4

This is an historical version of this statute chapter. Also view the most recent published version.

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.

History:

2014 c 157 art 1 s 4

Official Publication of the State of Minnesota
Revisor of Statutes

Office of the Revisor of Statutes

2020 Minnesota Statutes

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