{"data":{"id":"us-ut/utah-code-16-20-103","jurisdiction":"us-ut","citation":"Utah Code § 16-20-103","heading":"Nature, purpose, and duration of limited liability company.","body":"(1) A limited liability company is an entity distinct from the limited liability company's member or members.\n(2) A limited liability company may have any lawful purpose, regardless of whether for profit.\n(3) A limited liability company has perpetual duration.","path":["Title 16 Business Entities","Chapter 16-20 Utah Revised Uniform Limited Liability Company Act","Part 16-20-1 General Provisions"],"source_url":"https://le.utah.gov/xcode/Title16/Chapter20/16-20-S103.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-10-08T05:55:33Z","sha256":"57d0f6ddf96763f3b39962573c27b461ac0056937af4a9f492feb887a2f1ac8e","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-16-20-102","next":"us-ut/utah-code-16-20-104"},"notice":"GroundRules: Original legal text. Not legal advice."}