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2023 Wisconsin Statutes & Annotations
Chapter 179 - Uniform limited partnership law.
179.0110 - Nature, purpose, and duration of limited partnership.
Universal Citation: WI Stat § 179.0110 (2023)
179.0110 Nature, purpose, and duration of limited partnership.
(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 have any lawful purpose, regardless of whether for profit.
(3) A limited partnership has perpetual duration.
History: 2021 a. 258.
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