REVENUE RULE 91-51

1991-2 C.B. 434, 1991-38 I.R.B. 4.

Internal Revenue Service
Revenue Ruling

LIMITED PARTNERSHIPS

Published: September 23, 1991

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

Limited Partnerships. The State of Georgia is added to the list of states that have enacted legislation that 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 the states whose revised uniform limited partnership acts the Service had examined and determined 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 Georgia has enacted legislation that, as of its effective date, corresponds to the ULPA for purposes of section 301.7701-2 of the regulations.

Georgia Code Ann., sections 14-9-100 through 14-9-1204 (Supp. 1988) as amended through July 1, 1991.

EFFECT ON OTHER RULINGS

Rev. Rul. 89-123 is amplified.

DRAFTING INFORMATION

The principle 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 Ms. Schultze on (202) 566-3822 (not a toll-free call).

Rev. Rul. 91-51, 1991-2 C.B. 434, 1991-38 I.R.B. 4.