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New Jersey Statutes, Title: 42, PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Chapter 2c: Revised Uniform Limited Liability Company Act
Section: 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.
This section added to the Rutgers Database: 2012-10-16 15:25:04.
Older versions of 42:2c-4 (if available):
Court decisions that cite this statute:
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