§ 25.15.030. Nature of business permitted -- Powers
(1) Every limited liability company formed under this chapter may carry on any lawful business or activity unless a more limited purpose is set forth in the certificate of formation. A limited liability company may not be formed under this chapter for the purposes of engaging in business as an insurer.
(2) Unless this chapter, its certificate of formation, or its limited liability company agreement provides otherwise, a limited liability company has the same powers as an individual to do all things necessary or convenient to carry out its business and affairs.
[2006 c 48 § 1; 1994 c 211 § 106.]
Sections: Previous 25.15.005 25.15.007 25.15.010 25.15.015 25.15.020 25.15.025 25.15.030 25.15.035 25.15.040 25.15.045 25.15.050 25.15.055 25.15.060 25.15.070 25.15.075 NextLast modified: April 7, 2009