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2017 Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 4 - Partnerships
Chapter 47 - Uniform Limited Partnership Act (2001)
Subchapter 1 - General Provisions
§ 4-47-104. Nature, purpose, and duration of entity
Universal Citation: AR Code § 4-47-104 (2017)
- (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.
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