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Code · Montana · Title 35 — Corporations, Partnerships, and Associations · Chapter 12 · Part 5

35-12-509. Nature, purpose, and duration of entity.

65 words·~1 min read·/mt/title-35/chapter-12/part-5/35-12-509·

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35-12-509 . Nature, purpose, and duration of entity.
(1)A limited partnership is an entity distinct from its partners' partners. A limited partnership is the same entity regardless of whether its certificate states that the limited partnership is a limited liability limited partnership.
(2)A limited partnership may be organized under this chapter for any lawful purpose.
(3)A limited partnership has a perpetual duration.
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