(a) A limited liability company may be formed under this chapter for any lawful purpose. If the purpose for which a limited liability company is formed makes it subject to a special provision of law, the limited liability company shall also comply with that provision.
(b) A limited liability company formed under this chapter has, unless a more limited purpose is set forth in the articles of organization or a written operating agreement, the purpose of engaging in any lawful activity.
Section: 14-11-201 14-11-202 14-11-203 14-11-204 14-11-205 14-11-206 14-11-207 14-11-208 14-11-209 14-11-210 14-11-211 14-11-212 NextLast modified: October 14, 2016