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2013 SESSION

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HB 1792 General and limited partnerships; updates certain Acts.

Introduced by: Joseph P. Johnson, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

General and limited partnerships. Updates the Virginia Uniform Partnership Act and Virginia Revised Uniform Limited Partnership Act by (i) providing an execution standard for the filing of an amendment to a certificate of limited partnership that names a new general partner when all previous general partners have withdrawn; (ii) providing a requirement for the inclusion of a limited partnership's identification number in certain documents to be filed in the office of the clerk of the Commission; (iii) aligning annual registration fee assessment provisions with similar provisions applicable to other business entities; (iv) providing that a statement of merger is to be made a part of the records of a general partnership with status as a registered limited liability partnership; and (v) providing that an amendment to change the name or principal office address of a limited partnership in its certificate of limited partnership also operates to automatically change these items in a limited partnership's application for registration as a registered limited liability partnership, if it is so registered with the Commission. The measure also includes technical amendments.


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