(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.
(3) A limited liability company has perpetual duration.
Utah Code § 48-3a-104
Nature, purpose, and duration of limited liability company
Known as the Utah Revised Uniform Limited Liability Company Act
The act spans §§ 48–48 (140 sections).
Renumbered and Amended by Chapter 93, 2026 General Session; Enacted by Chapter 412, 2013 General Session; End date 10/1/2026
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.