Sec. 34-243g. Nature, purpose and duration of limited liability company. (a) A limited liability company is an entity distinct from its member or members.
(b) A limited liability company may have any lawful purpose, regardless of whether for profit.
(c) A limited liability company has perpetual duration.
(P.A. 16-97, S. 8.)
History: P.A. 16-97 effective July 1, 2017.