Nature, purpose, and duration of limited liability company.

  1. Law
  2. Iowa Code
  3. BUSINESS ENTITIES
  4. REVISED UNIFORM LIMITED LIABILITY COMPANY ACT
  5. Nature, purpose, and duration of limited liability company.

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489.104 Nature, purpose, and duration of limited liability company.

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


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