CGS § 34-243g. Nature, purpose and duration of limited liability company.

(a) A limited liability company is an entity distinct from its member or members.

(b) A limited liability company may have any lawful purpose, regardless of whether for profit.

(c) A limited liability company has perpetual duration.

Short History

(P.A. 16-97, S. 8.)

Long History

History: P.A. 16-97 effective July 1, 2017.