1. 1. A limited liability company is an entity distinct from its member or members.
2. 2. A limited liability company may have any lawful purpose, regardless of whether for profit.
3. 3. A limited liability company has perpetual duration.

Former §489.108 transferred to §489.112; 2023 Acts, ch 152, §143, 161 2023 amendment effective January 1, 2024; 2023 Acts, ch 152, §161 Section transferred from §489.104 in Code 2024 pursuant to directive in 2023 Acts, ch 152, §143, 161 Section amended

2008 Acts, ch 1162, §4, 155 C2009, §489.104 2023 Acts, ch 152, §4, 143, 161 C2024, §489.108