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Nature, purpose, and duration of limited liability company.

Iowa Code § 489.108
in effect
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489.108. 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. 2008 Acts, ch 1162, §4, 155 C2009, §489.104 2023 Acts, ch 152, §4, 143, 161 C2024, §489.108 Former §489.108 transferred to §489.112; 2023 Acts, ch 152, §143, 161
Source: Iowa Legislature (legis.iowa.gov)URL: https://www.legis.iowa.gov/docs/code/2026/489.108.pdfFetched: 10/20/2026

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