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§ 322C.0104 NATURE, PURPOSE, AND DURATION OF LIMITED LIABILITY COMPANY.

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MN Code › Part 300_323A › Chapter 322C › Section 322C.0104

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.

Text

§ 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.

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§ 322C.0104 NATURE, PURPOSE, AND DURATION OF LIMITED LIABILITY COMPANY. · Minn. Stat. § 322C.0104 | Frix