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§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]

 

 

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