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NATURE, PURPOSE, AND DURATION OF LIMITED LIABILITY COMPANY.

Minn. Stat. § 322C.0104
in effect
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322C.0104. NATURE, PURPOSE, AND DURATION OF LIMITED LIABILITY COMPANY. Subdivision 1. Separate entity. A limited liability company is an entity distinct from its members. Subd. 2. Permitted purposes. Except for a nonprofit limited liability company subject to section 322C.1101, which must comply with that section, a limited liability company may have any lawful purpose. Subd. 3. Duration. A limited liability company has perpetual duration. 2014 c 157 art 1 s 4
Source: Minnesota Office of the Revisor of Statutes (revisor.mn.gov)URL: https://www.revisor.mn.gov/statutes/cite/322C.0104Fetched: 10/19/2026

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