{"data":{"id":"us-mt/35-12-509","jurisdiction":"us-mt","citation":"35-12-509","heading":"Nature, purpose, and duration of entity.","body":"(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.\n(2) A limited partnership may be organized under this chapter for any lawful purpose.\n(3) A limited partnership has a perpetual duration.","path":["TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 12. LIMITED PARTNERSHIPS","Part 5. General Provisions"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0120/part_0050/section_0090/0350-0120-0050-0090.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:22Z","sha256":"0ac7380934303db1ec11c6aad11637105bde1353350919c37cc2d26b6bbc32cf","source_id":"us-mt","stale":false,"prev":"us-mt/35-12-508","next":"us-mt/35-12-510"},"notice":"GroundRules: Original legal text. Not legal advice."}