§ 61-3-109. Nature, purpose, and duration of limited partnership.

TN Code § 61-3-109 (2019) (N/A)
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(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, regardless of whether for profit.

(c) A limited partnership has perpetual duration.