§ 201. Purpose. A limited liability company may be formed under this\nchapter for any lawful business purpose or purposes except to do in this\nstate any business for which another statute specifically requires some\nother business entity or natural person to be formed or used for such\nbusiness.\n
N.Y. Ltd. Liab. Co. Law § 201
Purpose
Applied in 2 court decisions — leading case Jacoby & Meyers, LLP v. Presiding Justices of the First, Second, Third & Fourth Departments, Appellate Division of the Supreme Court of New York (2017)
Most recently applied in Jacoby & Meyers, LLP v. Presiding Justices of the First, Second, Third & Fourth Departments, Appellate Division of the Supreme Court of New York (March 2017)
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.