Statute · California Corporations Code
Cal. Corp. Code § 15901.04 — General Provisions
Cal. Corp. Code § 15901.04
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Date
- 2007-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) A limited partnership is an entity distinct from its partners.
Citator
Cal. Corp. Code § 15901.04 — General Provisions is in force in the current edition of the Code, and nothing recorded condemns it.
(a) A limited partnership is an entity distinct from its partners.
(b) A limited partnership may be organized under this chapter for any lawful purpose. A limited partnership may engage in any lawful business activity, whether or not for profit, except the banking business, the business of issuing policies of insurance and assuming insurance risks, or the trust company business.
(c) A limited partnership has a perpetual duration.