(104) Nature, purpose, and duration of entity
Known as the North Dakota Uniform Limited Partnership Act
The act spans §§ 45–45 (119 sections).
1. A limited partnership is an entity distinct from its partners.
2. A limited partnership may be organized under this chapter for any lawful purpose except banking or insurance.
3. A limited partnership has a perpetual duration unless otherwise provided in its certificate of limited partnership.
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.