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2005 Minnesota Statutes - 321.0104 — Nature, purpose, and duration of entity.



     321.0104 Nature, purpose, and duration of entity. 


    (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. 


    HIST: 2004 c 199 art 1 s 4

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