Rev. Rul. 89-38

1989-1 C.B. 318, 1989-12 I.R.B. 4.

                       Internal Revenue Service

                                 Revenue Ruling

                              LIMITED PARTNERSHIPS

                           Published: March 20, 1989

26 CFR 301.7701-2: Associations.

  Limited partnerships. The state of Virginia is added to the list of states that have enacted legislation that corresponds to the Uniform Limited Partnership Act for purposes of section 301.7701-2 of the regulations. Rev. Rul. 84-80 amplified.

  In Rev. Rul. 84-80, 1984-1 C.B. 275, as amplified by Rev. Rul. 84-180, 1984-2 C.B. 314, Rev. Rul. 85-178, 1985-2 C.B. 338, Rev. Rul. 86-30, 1986-1 C.B. 370, Rev. Rul. 86-112, 1986-2 C.B. 214, Rev. Rul. 88-23, 1988-15 I.R.B. 7, and Rev. Rul. 88-43, 1988-22 I.R.S. 43, the Internal Revenue Service listed several states that revised their limited partnership statutes following the promulgation of the Revised Uniform Limited Partnership Act. The Service determined that the legislation enacted by those states corresponds to the Uniform Limited Partnership Act (ULPA) for purposes of section 301.7701-2 of the Procedure and Administration Regulations.

  The Service has determined that Virginia has enacted legislation that, as of its effective date, corresponds to the ULPA for purposes of section 301.7701-2 of the regulations:

Virginia:
  VA. Code Ann.
   Sections 50-73.1 through
   50-73.77. (Supp.1987) effective
   January 1, 1987.

EFFECT ON OTHER RULINGS

  Rev. Rul. 84-80 is amplified.

DRAFTING INFORMATION

  The principal author of this revenue ruling is Carol E. Schultze of the Office of Assistant Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue ruling contact Carol E. Schultze on (202) 566-3625 (not a toll-free call).

Rev. Rul. 89-38, 1989-1 C.B. 318, 1989-12 I.R.B. 4.