362.2-104 Nature, purpose, and duration of entity. (1) 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. (2) A limited partnership may be organized under this subchapter for any lawful purpose except for rendering a professional service. (3) A limited partnership has a perpetual duration. Effective: July 12, 2006 History: Created 2006 Ky. Acts ch. 149, sec. 83, effective July 12, 2006.
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