2009 Maine Code
TITLE 31: PARTNERSHIPS AND ASSOCIATIONS
Chapter 19: UNIFORM LIMITED PARTNERSHIP ACT
31 §1304. Nature, purpose and duration of entity
Title 31: PARTNERSHIPS AND ASSOCIATIONS
Chapter 19: UNIFORM LIMITED PARTNERSHIP ACT HEADING: PL 2005, C. 543, PT. C, §2 (NEW)
Subchapter 1: GENERAL PROVISIONS HEADING: PL 2005, C. 543, PT. C, §2 (NEW)
§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) .]
SECTION HISTORY
2005, c. 543, §C2 (NEW).
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