State Codes and Statutes
Statutes > Alabama > Title10 > Chapter9C > 10-9C-104Section 10-9C-104
(Effective January 1, 2010) 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 this chapter for any lawful purpose except a banking or insurance business.
(c) A limited partnership has a perpetual duration.
(Act 2009-621, §1.)