§54-500-104A. Nature, purpose, and duration of entity.
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/ok/title-54-partnership/54-500-104a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 the Uniform Limited Partnership Act of 2010 for any lawful purpose.
(c)A limited partnership has a perpetual duration unless otherwise specified in its certificate of limited partnership. Added by Laws 2010, c. 384, § 4, eff. Jan. 1, 2011.