§425E-104 - Nature, purpose, and duration of entity.

[§425E-104]  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.

(c)  A limited partnership has a perpetual
duration. [L 2003, c 210, pt of §1]