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.
§ 54-2A-104 NMSA 1978
Nature, purpose and duration of entity
Known as the Uniform Revised Limited Partnership Act
The act spans §§ 54–54 (104 sections).
Laws 2007, ch. 129, § 104.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.