Utah Code § 48-3a-104 : PARTNERSHIP — UTAH REVISED UNIFORM LIMITED LIABILITY COMPANY ACT — GENERAL PROVISIONS —3a-104 - Nature, purpose, and duration of limited liability company

(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.

Utah Code § 48-3a-104

Added by Chapter 412, 2013 General Session ,§ 280, eff. 1/1/2014.
SECTIONS