Nature, purposes and duration of limited liability company.

  1. Law
  2. New Jersey Revised Statutes
  3. Partnerships and Partnership Associations
  4. Nature, purposes and duration of limited liability company.

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42:2C-4 Nature, purposes and duration of limited liability company.

4. Nature, Purpose and Duration of Limited Liability Company.

a. A limited liability company is an entity distinct from its members.

b. A limited liability company may have any lawful purpose, regardless of whether for profit.

c. A limited liability company has perpetual duration.

L.2012, c.50, s.4.


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