(1) A limited liability company is an entity distinct from its member or members.
(2) A limited liability company may have any lawful purpose.
(3) A limited liability company has perpetual duration.
Idaho Code § 30-25-108
Nature, purpose and duration of limited liability company
Known as the Idaho Uniform Limited Liability Company Act
The act spans §§ 30–30 (51 sections).
Applied in 1 court decision — leading case Gugino v. Kerstein (In re Miller) (2015)
Most recently applied in Gugino v. Kerstein (In re Miller) (September 2015)
I.C., § 30-25 -108, as added by 2015, ch. 243, § 43, p. 758.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.