Cal. CORP § 15901.04
This is the official text of Cal. CORP § 15901.04, part of California’s Corporations Code — governs the formation and operation of corporations, LLCs, and partnerships, and regulates securities.
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Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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