§425E-104 - Nature, purpose, and duration of entity.
[§425E-104] Nature, purpose, andduration of entity. (a) A limited partnership is an entitydistinct from its partners. A limited partnership is the same entityregardless of whether its certificate states that the limited partnership is alimited liability limited partnership.
(b) A limited partnership may be organizedunder this chapter for any lawful purpose.
(c) A limited partnership has a perpetualduration. [L 2003, c 210, pt of §1]