Statutes > New Mexico Statutes > Chapter 53 - Corporations. > Article 19 - Limited Liability Companies, 53-19-1 through 53-19-74. > Section 53-19-6 - Nature and duration of business.

Section 53-19-6 - Nature and duration of business.

53-19-6. Nature and duration of business.

A limited liability company may conduct or promote any lawful business or purpose.  If the purpose for which a limited liability company is organized makes it subject to provisions of other laws, the limited liability company shall also be subject to such provisions.  The duration of existence of a limited liability company may be perpetual or may be limited to a definite term or until completion of a particular undertaking.