322C.0104 NATURE, PURPOSE, AND DURATION OF LIMITED LIABILITY COMPANY. § Subdivision 1.Separate entity. A limited liability company is an entity distinct from its members. § Subd. 2.Permitted purposes. Except for a nonprofit limited liability company subject to section 322C.1101, which must comply with that section, a limited liability company may have any lawful purpose. § Subd. 3.Duration. A limited liability company has perpetual duration. History: 2014 c 157 art 1 s 4
NATURE, PURPOSE, AND DURATION OF LIMITED LIABILITY COMPANY.
Minn. Stat. § 322C.0104, under MINNESOTA REVISED UNIFORM LIMITED LIABILITY COMPANY.
Minn. Stat. § 322C.0104