2006 Code of Virginia § 50-73.132 - Registered limited liability partnerships

50-73.132. Registered limited liability partnerships.

A. To become a registered limited liability partnership, a partnership shallfile with the Commission a statement of registration as a registered limitedliability partnership stating:

1. The name of the partnership that satisfies the requirements of 50-73.133;

2. If the partnership is of record with the Commission, the identificationnumber issued by the Commission to the partnership;

3. The address, including the street and number, if any, of its principaloffice (which may, but need not be, located within the Commonwealth);

4. The post office address, including the street and number, if any, of itsinitial registered office, which in the case of a limited partnership formedpursuant to Chapter 2.1 ( 50-73.1 et seq.) of this title shall be identicalto the limited partnership's registered office address on record with theCommission;

5. The name of the city or county in which the registered office is located;

6. The name of its initial registered agent at that office, which in the caseof a limited partnership formed pursuant to Chapter 2.1 ( 50-73.1 et seq.)of this title shall be identical to the limited partnership's registeredagent on record with the Commission, and that the agent is either (i) anindividual who is a resident of Virginia and is either a general partner ofthe registered limited liability partnership, an officer or director of acorporate general partner of the registered limited liability partnership, ageneral partner of a general partner of the registered limited liabilitypartnership, a member or manager of a limited liability company that is ageneral partner of the registered limited liability partnership, a trustee ofa trust that is a general partner of the registered limited liabilitypartnership, or a member of the Virginia State Bar or (ii) a domestic orforeign stock or nonstock corporation, limited liability company, orregistered limited liability partnership authorized to transact business inthis Commonwealth;

7. Any other matters that the partnership determines to include; and

8. The manner in which the registration was approved by the partners.

A partnership becomes a registered limited liability partnership at the timeof the filing of the initial statement of registration with the Commission orat any later date or time specified in the statement of registration asprovided in subsection J of 50-73.83.

B. The Commission shall register as a registered limited liabilitypartnership any partnership that submits a completed statement ofregistration with the required fee.

C. The registration of a partnership as a registered limited liabilitypartnership shall be approved by the partners in the manner provided in thepartnership's partnership agreement for amendments to the partnershipagreement or, if no provision is made in the partnership agreement, by all ofthe partners.

D. A partnership that has registered shall continue to be a registeredlimited liability partnership until:

1. Its registration is revoked pursuant to subsection C of 50-73.134; or

2. The partnership or limited partnership files with the Commission astatement of cancellation of registration under 50-73.137.

E. A partnership that has been registered as a registered limited liabilitypartnership under this chapter is, for all purposes, the same entity thatexisted before it registered.

(1996, c. 292; 2000, c. 162; 2001, cc. 517, 541; 2002, c. 441; 2003, c. 378;2004, c. 601.)