REVENUE RULE 90-59

1990-2 C.B. 269, 1990-29 I.R.B. 5.

Internal Revenue Service
Revenue Ruling

LIMITED PARTNERSHIPS

Published: July 16, 1990

Section 7701. - Definitions, 26 CFR 301.7701-2: Associations.
Limited partnerships. The Tennessee Revised Uniform Limited Partnership Act corresponds to the Uniform Limited Partnership Act (ULPA) for purposes of section 301.7701-2 of the regulations. Rev. Rul. 89-123 amplified.

In Rev. Rul. 89-123, 1989-2 C.B. 261, the Internal Revenue Service listed all the states whose revised limited partnership acts correspond 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 Tennessee has enacted legislation that, as of its effective date, corresponds to the ULPA for purposes of section 301.7701-2 of the regulations:

Tennessee: Tenn. Code Ann. sections 61-2-101 through 61-2-1208 (Supp. 1989) effective May 12, 1989.

EFFECT ON OTHER RULINGS

Rev. Rul. 89-123 is amplified.

DRAFTING INFORMATION

The principal author of this revenue ruling is Noah S. Baer of the Office of Assistant Chief Counsel (Passthroughs & Special Industries). For further information regarding this revenue ruling contact Mr. Baer on (202) 566-3822 (not a toll-free call).

Rev. Rul. 90-59, 1990-2 C.B. 269, 1990-29 I.R.B. 5.