[§425E-104] Nature, purpose, and duration of entity.
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/hi/425e-104A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§425E-104] Nature, purpose, and duration of entity.
(a)A limited partnership is an entity distinct from its partners. A limited partnership is the same entity regardless of whether its certificate states that the limited partnership is a limited liability limited partnership.
(b)A limited partnership may be organized under this chapter for any lawful purpose.
(c)A limited partnership has a perpetual duration. [L 2003, c 210, pt of §1]