REVENUE RULE 92-88

1992-2 C.B. 322, 1992-40 I.R.B. 26.

Internal Revenue Service
Revenue Ruling

LIMITED PARTNERSHIPS

Published: October 5, 1992

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

Limited partnerships. The Connecticut 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 Connecticut Revised Limited Partnership Act, effective October 1, 1979, was included in that list.

The Service has determined that the Connecticut Limited Partnership Act, as amended, effective July 1, 1990, corresponds to the ULPA for purposes of section 301.7701-2 of the regulations:

Conn.Gen.Stat.Ann. sections 34-9 through 34-38q (West 1987 and Supp.1991), as amended, effective July 1, 1990.

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) 622-3050 (not a toll-free call).

Rev. Rul. 92-88, 1992-2 C.B. 322, 1992-40 I.R.B. 26.