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Iowa Code § 489.104 – Nature, purpose, and duration of limited liability company | Midpage
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Iowa Code
Title XII
Chapter 489
I
§ 489.104
Iowa Code § 489.104
Nature, purpose, and duration of limited liability company
2008 Acts, ch 1162, §4, 155
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1. A limited liability company is an entity distinct from its members.
2. A limited liability company may have any lawful purpose, regardless of whether for profit.
3. A limited liability company has perpetual duration.
2008 Acts, ch 1162, §4, 155