Nature, purposes and duration of limited liability company.

N.J. Stat. § 42:2C-4
in effect
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4. Nature, Purpose and Duration of Limited Liability Company. a. A limited liability company is an entity distinct from its members. b. A limited liability company may have any lawful purpose, regardless of whether for profit. c. A limited liability company has perpetual duration. L.2012, c.50, s.4.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026