30-24-110. NATURE, PURPOSE AND DURATION OF LIMITED PARTNERSHIP. (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 have any lawful purpose.
(c) A limited partnership has perpetual duration.
History:
[30-24-110, added 2015, ch. 243, sec. 33, p. 843.]
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