Montana Statutes
§ 35-8-106 — Purpose
Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 8 MONTANA LIMITED LIABILITY COMPANY ACT·Part 1 General Provisions
35-8-106 . Purpose.
(1)A limited liability company organized under 35-8-201 through 35-8-211 has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of organization.
(2)Limited liability companies may be organized under 35-8-201 through 35-8-211 for any lawful purpose except for the purpose of banking or insurance. For purposes of this subsection, the term "insurance" does not include a limited liability company organized for the lawful purpose of captive insurance under Title 33, chapter 28.
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Legislative History
En. Sec. 6, Ch. 120, L. 1993; amd. Sec. 1, Ch. 205, L. 2015.
Nearby Sections
15
§ 35-8-1001
Authority To Transact Business Required§ 35-8-1003
Application For Certificate Of Authority§ 35-8-1004
Repealed§ 35-8-1005
Repealed§ 35-8-1006
Repealed§ 35-8-1007
Amended Certificate Of Authority§ 35-8-1008
Effect Of Certificate Of Authority§ 35-8-1009
Name§ 35-8-101
Short Title§ 35-8-1011
Grounds For Revocation§ 35-8-1012
Procedure For And Effect Of Revocation§ 35-8-1013
Appeal From Revocation