Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 4-47-104 - Nature, purpose, and duration of entity — Arkansas Law | CourtGPT
  1. Home/
  2. Laws/
  3. Arkansas/
  4. Title 4 - Business and Commercial Law (§§ 4-1-101 — 4-119-105)/
  5. Subtitle 4 - Partnerships/
  6. Chapter 47 - Uniform Limited Partnership Act (2001)sub/
  7. Subchapter 1 - General Provisions/
  8. Section 4-47-104 - Nature, purpose, and duration of entity
Arkansas Legal Code

Section 4-47-104 - Nature, purpose, and duration of entity

Ask AI about this
(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 be organized under this chapter for any lawful purpose.(c) A limited partnership has a perpetual duration.Acts 2007, No. 15, § 1.