§ 48-2e-104. Nature, purpose, and duration of limited partnership.

Latest version.

(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 have any lawful purpose, regardless of whether for profit.

(3)	A limited partnership has perpetual duration.

Enacted by Chapter 412, 2013 General Session

                    
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