Minnesota Statutes 322C.0104 – Nature, Purpose, and Duration of Limited Liability Company
Current as of: 2023 | Check for updates
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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.