Iowa Code § 489.108
Nature, purpose, and duration of limited liability company
Redline — January 1, 2024 → current.View current text →
Current — January 1, 2025
As of January 1, 2024
1. A limited liability company is an entity distinct from its member or members.
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.
2. A limited liability company may have any lawful purpose, regardless of whether for profit.
3. A limited liability company has perpetual duration.
3. A limited liability company has perpetual duration.
C2009, §489.104
C2009, §489.104
C2024, §489.108
C2024, §489.108
Former §489.108 transferred to §489.112;
Former §489.108 transferred to §489.112;
2023 amendment effective January 1, 2024; 2023 Acts, ch 152, §161
Section transferred from §489.104 in Code 2024 pursuant to directive in
Section amended
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.