Utah Code Ann. § 16-20-103
Nature, purpose, and duration of limited liability company.
Effective Oct 1, 2026Renumbered and Amended by Chapter 93, 2026 General Session
- (1) A limited liability company is an entity distinct from the limited liability company's member or members.
- (2) A limited liability company may have any lawful purpose, regardless of whether for profit.
- (3) A limited liability company has perpetual duration.
Renumbered and Amended by Chapter 93, 2026 General Session