GroundRules
35-12-509: Nature, purpose, and duration of entity.
Where this section sits in the code
- TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
- CHAPTER 12. LIMITED PARTNERSHIPS
- Part 5. General Provisions
(1) A limited partnership is an entity distinct from its partners' 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 be organized under this chapter for any lawful purpose.
(3) A limited partnership has a perpetual duration.
Collected 2026-09-14T04:53:22Z. Source file · JSON