{"data":{"id":"us-me/31-m.r.s.-1304","jurisdiction":"us-me","citation":"31 M.R.S. §1304","heading":"Nature, purpose and duration of entity","body":"1.  Nature.  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.\n2.  Purpose.  A limited partnership may be organized under this chapter for any lawful purpose.\n3.  Duration.  A limited partnership has a perpetual duration.","path":["TITLE 31: PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 19: UNIFORM LIMITED PARTNERSHIP ACT","SUBCHAPTER 1: GENERAL PROVISIONS"],"source_url":"https://legislature.maine.gov/statutes/31/title31sec1304.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:37Z","sha256":"4a48d5ae19e950d85da426b97c8d9eaa08c6a36b014729b70825993de813cc96","source_id":"us-me","stale":false,"prev":"us-me/31-m.r.s.-1303","next":"us-me/31-m.r.s.-1305"},"notice":"GroundRules: Original legal text. Not legal advice."}