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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):



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