REVENUE RULE 92-42

1992-1 C.B. 433, 1992-23 I.R.B. 22.

Internal Revenue Service
Revenue Ruling

LIMITED PARTNERSHIPS

Published: June 8, 1992

26 CFR 301.7701-2: Associations.

Limited partnerships. The Delaware 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.

Rev. Rul. 89-123, 1989-2 C.B. 261, the Internal Revenue Service listed the stated whose Revised Uniform Limited Partnership Act (RULPA) the Service had examined and determined to correspond to the Uniform Limited Partnership Act (ULPA) for purposes of section 301.7701-2 of the Procedure and Administration Regulations.

The Service has now further determined that the following version of the RULPA enacted by Delaware corresponds, as of its effective date, to the ULPA for purposes of section 301.7701-2 of the regulations: Delaware Code Ann. tit. 6, chapter 17, sections 17-101 through 17-1109 (Supp. 1990), as amended through August 1, 1990.

EFFECT ON OTHER RULINGS

Rev. Rul. 89-123 is amplified.

DRAFTING INFORMATION

The principal author of this revenue ruling is David H. McDonnell of the Office of the Assistant Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue ruling contact Mr. McDonnell on (202) 377-9470 (not a toll-free call).

Rev. Rul. 92-42, 1992-1 C.B. 433, 1992-23 I.R.B. 22.