30-24-110. NATURE, PURPOSE AND DURATION OF LIMITED PARTNERSHIP. (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 have any lawful purpose.
(c) A limited partnership has perpetual duration.
History:
[30-24-110, added 2015, ch. 243, sec. 33, p. 843.]
Structure Idaho Code
Chapter 24 - LIMITED PARTNERSHIPS
Section 30-24-101 - SHORT TITLE.
Section 30-24-102 - DEFINITIONS.
Section 30-24-103 - KNOWLEDGE — NOTICE.
Section 30-24-104 - GOVERNING LAW.
Section 30-24-105 - PARTNERSHIP AGREEMENT — SCOPE — FUNCTION — LIMITATIONS.
Section 30-24-108 - REQUIRED INFORMATION.
Section 30-24-109 - DUAL CAPACITY.
Section 30-24-110 - NATURE, PURPOSE AND DURATION OF LIMITED PARTNERSHIP.