2006 Kentucky Revised Statutes - .104   Nature, purpose, and duration of entity.

362.2-104 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 its certificate states that the limited partnership is a limited liability limited partnership. (2) A limited partnership may be organized under this subchapter for any lawful purpose except for rendering a professional service. (3) A limited partnership has a perpetual duration. Effective: July 12, 2006 History: Created 2006 Ky. Acts ch. 149, sec. 83, effective July 12, 2006. Page 1 of 1