1. (1)

   1. (a) A limited partnership is an entity distinct from the limited partnership's partners.
   2. (b) A limited partnership is the same entity regardless of whether the limited partnership's certificate states that the limited partnership is a limited liability limited partnership.
2. (2) A limited partnership may have any lawful purpose, regardless of whether for profit.
3. (3) A limited partnership has perpetual duration.

Renumbered and Amended by Chapter 93, 2026 General Session