Maine Statutes
§ 31 §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.
2.Purpose.
A limited partnership may be organized under this chapter for any lawful purpose.
3.Duration.
A limited partnership has a perpetual duration.
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Legislative History
PL 2005, c. 543, §C2 (NEW).
Nearby Sections
15
§ 31 §1301
Short title§ 31 §1302
Definitions§ 31 §1303
Knowledge and notice§ 31 §1304
Nature, purpose and duration of entity§ 31 §1305
Powers§ 31 §1306
Governing law§ 31 §1308
Limited partnership name; assumed name§ 31 §1311
Required information§ 31 §1313
Dual capacity§ 31 §1314
Registered office; registered agent