These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

25.15.026  <<  25.15.031 >>   25.15.033

Purpose and powers.

(1) A limited liability company may be formed under this chapter for any lawful purpose, regardless of whether for profit.
(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 on its activities.
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