REVENUE RULE 92-34

1992-1 C.B. 433, 1992-18 I.R.B. 11.

Internal Revenue Service
Revenue Ruling

LIMITED PARTNERSHIPS

Published: May 4, 1992

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

Limited Partnerships. The Utah 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 the states whose revised 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 Utah has enacted legislation that, as of its effective date, corresponds to the ULPA for purposes of section 301.7701-2 of the regulations:

Utah Code Ann. sections 48-2a-1 through 48-2a-1107 (1992) effective April 29, 1991.

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) 377-9470 (not a toll-free call).

Rev. Rul. 92-34, 1992-1 C.B. 433, 1992-18 I.R.B. 11.