Nature, purpose, and duration of limited liability company
Renumbered and Amended by Chapter 93, 2026 General Session; Effective 10/1/2026
(1) A limited liability company is an entity distinct from the limited liability company's member or members.
(2) A limited liability company may have any lawful purpose, regardless of whether for profit.
(3) A limited liability company has perpetual duration.
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.