Nature, purpose and duration of entity.

  1. Law
  2. New Mexico Statutes
  3. Partnerships
  4. Uniform Revised Limited Partnership Act
  5. General Provisions
  6. Nature, purpose and duration of entity.

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A. A limited partnership is an entity distinct from its partners.

B. A limited partnership may be organized pursuant to the Uniform Revised Limited Partnership Act for any lawful purpose.

C. A limited partnership has a perpetual duration.

History: Laws 2007, ch. 129, § 104.

ANNOTATIONS

Effective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.


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