N.J.S.A. 42:2C-4

Nature, purposes and duration of limited liability company.

42:2C-4 Nature, purposes and duration of limited liability company. 4. Nature, Purpose and Duration of Limited Liability Company. a. A limited liability company is an entity distinct from its members. b. A limited liability company may have any lawful purpose, regardless of whether for profit. c. A limited liability company has perpetual duration. L.2012, c.50, s.4.

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This is the verbatim text of N.J.S.A. 42:2C-4, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.