Organization; purpose; regulation

Sec. 1. (a) A limited liability company may: (1) be organized under this article for any business, personal, or nonprofit purpose; and (2) conduct business in any state for any lawful purpose; unless a more limited purpose is set forth in its articles of organization. (b) A limited liability company must comply with any statute that regulates the limited liability company's business. As added by P.L.8-1993, SEC.301. Amended by P.L.40-2013, SEC.6.