Opn. No.

Hon. Norman Goodman County Clerk, New York County

This is in response to your letter of March 10, 1978, wherein you ask for an opinion as to whether a limited partnership may have an indefinite duration. Your concern apparently stems from the requirement of the Partnership Law which states that the Certificate of Limited Partnership must contain "The term for which the partnership is to exist." (Partnership Law, § 91 [1] [a] [V].)

An indispensable starting point in any discussion of limited partnerships is an understanding of the relationship between Article 8 (Limited Partnership) and the…