HRS §425E-104
What a limited partnership is and how long it lasts
A limited partnership is its own legal entity, separate from its partners. It can be formed for any legal purpose and lasts forever unless the law says otherwise. This section defines the basic nature and duration of a limited partnership.
businesses
The statute, as written — Nature, purpose, and duration of entity
(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.
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