489.108  Nature, purpose, and duration of limited liability company.
  1.  A limited liability company is an entity distinct from its member or 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, §4, 155
C2009, §489.104
2023 Acts, ch 152, §4, 143, 161
C2024, §489.108
Former §489.108 transferred to §489.112; 
2023 Acts, ch 152, §143, 161
2023 amendment effective January 1, 2024; 2023 Acts, ch 152, §161
Section transferred from §489.104 in Code 2024 pursuant to directive in 
2023 Acts, ch 152, §143, 161
Section amended