Maine Revised Statutes
Subchapter 1: GENERAL PROVISIONS
31 §1304. Nature, purpose and duration of entity

§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.  
[PL 2005, c. 543, Pt. C, §2 (NEW).]
2.  Purpose.  A limited partnership may be organized under this chapter for any lawful purpose.  
[PL 2005, c. 543, Pt. C, §2 (NEW).]
3.  Duration.  A limited partnership has a perpetual duration.  
[PL 2005, c. 543, Pt. C, §2 (NEW).]
SECTION HISTORY
PL 2005, c. 543, §C2 (NEW).

Structure Maine Revised Statutes