Maine Revised Statutes

§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).