Me. Stat. tit. 31 § 1304

Current through 131st (2023-2024) Legislature Chapter 684

Section 1304 - Nature, purpose and duration of entity

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.

[2005, c. 543, Pt. C, §2(NEW).]

2.Purpose. A limited partnership may be organized under this chapter for any lawful purpose.

[2005, c. 543, Pt. C, §2(NEW).]

3.Duration. A limited partnership has a perpetual duration.

[2005, c. 543, Pt. C, §2(NEW).]

31 M.R.S. § 1304

2005, c. 543, §C2 (NEW) .