42:2B-8 - Purpose of limited liability company; powers - New Jersey Statutes

42:2B-8.     Purpose of limited liability company; powers 
    8.  a.  A limited liability company may carry on any lawful business, purpose or activity. 

   b.   A limited liability company shall possess and may exercise all the powers and privileges granted by this act or by any other law or by its operating agreement, together with any powers incidental thereto, so far as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business, purposes or activities of the limited liability company. 

   L.1993,c.210,s.8.