NATURE, PURPOSE AND DURATION OF LIMITED LIABILITY COMPANY.

  1. Law
  2. Idaho Code
  3. CORPORATIONS
  4. LIMITED LIABILITY COMPANIES
  5. GENERAL PROVISIONS
  6. NATURE, PURPOSE AND DURATION OF LIMITED LIABILITY COMPANY.

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30-25-108. NATURE, PURPOSE AND DURATION OF LIMITED LIABILITY COMPANY. (a) A limited liability company is an entity distinct from its member or members.

(b) A limited liability company may have any lawful purpose.

(c) A limited liability company has perpetual duration.

History:

[30-25-108, added 2015, ch. 243, sec. 43, p. 875.]


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