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2018 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 489 - REVISED UNIFORM LIMITED LIABILITY COMPANY ACT
Section 489.104 - Nature, purpose, and duration of limited liability company.
Universal Citation: IA Code § 489.104 (2018)
489.104
Nature, purpose, and duration of limited liability company.
1. A limited liability company is an entity distinct from its members.
2. A limited liability company may have any lawful purpose, regardless of whether for profit.
3. A limited liability company has perpetual duration.
2008 Acts, ch 1162, ยง4, 155
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