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Nature, purpose, and duration of limited liability company

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AR Code › Title 4 › Chapter 38 › Subchapter 1 › Section 4-38-108

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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(a) A limited liability company is an entity distinct from its member or members. (b) A limited liability company may have any lawful purpose, regardless of whether for profit. (c) A limited liability company has perpetual duration. Added by Act 2021, No. 1041,§ 26, eff. 7/28/2021.

(a) A limited liability company is an entity distinct from its member or members.

(b) A limited liability company may have any lawful purpose, regardless of whether for profit.

(c) A limited liability company has perpetual duration.

Added by Act 2021, No. 1041,§ 26, eff. 7/28/2021.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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