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2020 New Jersey Revised Statutes
Title 42 - Partnerships and Partnership Associations
Section 42:2C-4 - Nature, purposes and duration of limited liability company.
Universal Citation: NJ Rev Stat § 42:2C-4 (2020)
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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