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Code · Montana · Title 35 — Corporations, Partnerships, and Associations · Chapter 8 · Part 1

35-8-106. Purpose.

86 words·~1 min read·/mt/title-35/chapter-8/part-1/35-8-106·

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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.
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