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Nature, purpose, and duration of limited liability company.
Law
Utah Code
Unincorporated Business Entity Act
Utah Revised Uniform Limited Liability Company Act
General Provisions
Nature, purpose, and duration of limited liability company.
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(1) A limited liability company is an entity distinct from its 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.
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