GroundRules
Wis. Stat. § 183.0108: Nature, purpose, and duration of limited liability company.
Where this section sits in the code
- Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations
- Chapter 183 Uniform Limited Liability Company Law
- SUBCHAPTER I GENERAL PROVISIONS
(1) A limited liability company is an entity distinct from its member or members.
(2) A limited liability company may have any lawful purpose, regardless of whether for profit. A limited liability company engaging in a business that is subject to the provisions of another chapter may organize under this chapter only if not prohibited by, and is subject to all limitations of, the other chapter.
(3) A limited liability company has perpetual duration.
(3m) An interest in a limited liability company may be a security, as specified in s. 551.102 (28) (e).
Collected 2026-09-05T12:01:03Z. Source file · JSON