87A.155 - Nature, purpose and duration of entity. - Nevada Statutes

87A.155  Nature, purpose and duration of entity.

      1.  A limited partnership is an entity distinct from its partners. A limited partnership is the same entity regardless of whether the limited partnership has registered as a registered 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.

      (Added to NRS by 2007, 440)