Rev. Rul. 84-80

Superseded by 89-123, Amplified by 85-178, Amplified by 86-30, Amplified by 86-

112, Amplified by 89-38

                       Internal Revenue Service
                                 Revenue Ruling

                            Published: May 29, 1984

Section 501. - -Exemption From Tax on Corporations, Certain Trusts, etc., 26 CFR 1.501(a)-1:  Exemption from taxation,  26 CFR 1.501(c)(3)-1:  Organizations organized and operated for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to children or animals

Section 508. - -Special Rules With Respect to Section 501(c)(3) Organizations, 26 CFR 1.508-1:  Notices

Section 509. - -Private Foundation Defined, 26 CFR 1.509(a)-1: Definition of private foundation

Section 521. - -Exemption of Farmers' Cooperatives From Tax, 26 CFR 1.521-1:  Farmer's cooperative marketing and purchasing associations;  requirements for exemption under section 521

Section 4942. - -Taxes on Failure To Distribute Income, 26 CFR 53.4942(b)-1:  Operating foundations

Section 6011. - -General Requirement of Return, Statement or List

Section 6041. - -Information at Source, 26 CFR 1.6041-1: Return of information as to payment of $600 or more

Section 6047. - -Information Relating to Certain Trusts and Annuity and Bond Purchase Plans, 26 CFR 1.6047.1:  Information to be furnished with regard to employee retirement plan covering an owner-employee

Section 6051. - -Receipts for Employees, 26 CFR 31.6051-1: Statements for employees

Section 6071. - -Time for Filing Returns and Other Documents, 26 CFR 31.6071(a)- 1:  Time for filing returns and other documents

Section 6081. - -Extension of Time for Filing Returns, 26 CFR 31.6081(a)-1:  Extension of time for filing returns

Section 6091. - -Place for Filing Returns of Other Documents

Section 7428. - -Declaratory Judgments Relating to Status and Classification of Organizations Under Section 501(c)(3), etc

Section 7701. - -Definitions, 26 CFR 301.7701-2:  Associations

  Limited Partnerships.  A list is provided of state laws that are substantially similar to the Revised Uniform Limited Partnership Act for purposes of section 301.7701-2 of the Procedure and Administration Regulations.

ISSUE

  Whether states that have revised their limited partnership statutes following promulgation of the Revised Uniform Limited Partnership Act ("RULPA") have enacted legislation that corresponds to the Uniform Limited Partnership Act ("ULPA") for purposes of section 301.7701-2 of the Procedure and Administration Regulations.

FACTS

  RULPA was adopted by the National Conference of Commissioners on Uniform State Laws in 1976.

  On April 26, 1983, final regulations were published which amend section 301.7701-2 of the regulations.  T.D. 7889, 1983-1 C.B. 362. As amended, section 301.7701-2(a)(5) provides that references in section 301.7701-2 to the ULPA shall be deemed to refer to the ULPA as originally enacted and as revised in 1976 (RULPA).

LAW AND ANALYSIS

  Section 301.7701-2 of the regulations provides that the classification of an entity depends upon the presence or absence of corporate characteristics.  That section also includes certain special rules for determining whether an entity organized under a

statute corresponding to the ULPA possesses or lacks the corporate characteristics of continuity of life, centralization of management, limited liability, and free transferability of interests.

HOLDING

  The Internal Revenue Service has determined that the following states have enacted legislation that, as of the effective date, corresponds to the ULPA for purposes of section 301.7701-2 of the regulations:
  CALIFORNIA:  Cal.Corp.Code sections 15611 through 15723 (West Supp.1984) effective July 1, 1984.
  COLORADO:  Col.Rev.Stat. sections 7-62-101 through 7-62-1201 (Supp.1983) effective November 1, 1981.
  CONNECTICUT:  Conn.Gen.Stat.Ann. sections 34-9 through 34-38 (West Supp.1983- 84) effective October 1, 1979.
  DELAWARE:  Del.Code Ann. tit. 6, sections 17-101 through 17-1107 (Supp.1982) effective January 1, 1983.
  MASSACHUSETTS:  Mass.Ann.Laws ch. 109, sections 1-62 (Law.Co-op.Supp.1983) effective July 1, 1982.
  MONTANA:  Mont.Code.Ann. sections 35-12-501 through 1404, effective October 1, 1981.

Rev. Rul. 84-80, 1984-1 C.B. 275, 1984-22 I.R.B. 9.