Montana § 35-8-106 Purpose

Montana Statutes

§ 35-8-106 — Purpose

Montana § 35-8-106

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 8MONTANA LIMITED LIABILITY COMPANY ACT

Part 1General Provisions

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Bluebook

Mont. Code Ann. § 35-8-106 (2026).

Text

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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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.