Skip to content
ChatProjectCodes

TITLE 2. PARTNERSHIPS 15800-16962›CHAPTER 4.5. Uniform Limited Partnership Act of 2008 15900-15912.07›ARTICLE 1. General Provisions 15900-15901.17

§ 15901.04

California Corporations Code · 2018-11 edition · updated 2026-10-04 · California

(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.

(Added by Stats. 2006, Ch. 495, Sec. 20. Effective January 1, 2007. Section operative January 1, 2008, pursuant to Section 15912.04.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — California Corporations Code
California Corporations Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.