Iowa Code

Iowa Code § 488.104 (2026)

Nature, purpose, and duration of entity

✓ current as of July 2026
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1. 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.

2. A limited partnership may be organized under this chapter for any lawful purpose.

3. A limited partnership has a perpetual duration. 2004 Acts, ch 1021, §4, 118 Referred to in §488.1204 \n