2006 Code of Virginia § 50-73.78 - Limited partnership as registered limited liability partnership

50-73.78. Limited partnership as registered limited liability partnership.

A. A limited partnership is a registered limited liability partnership aswell as a limited partnership if it:

1. Registers as a limited liability partnership as provided in 50-73.132 ofthe Virginia Uniform Partnership Act Chapter 2.2 ( 50-73.79 et seq.), aspermitted by its written partnership agreement or, if its written partnershipagreement is silent, with the consent of partners required to amend itswritten partnership agreement; provided that, notwithstanding the provisionsof subsection C of 50-73.83, a statement of registration as a limitedliability partnership filed by a limited partnership shall be executed by anyone or more authorized general partners; and

2. Has a name that either: (i) complies with the requirements of clause (i)of subdivision 1 of 50-73.2 and subsection A of 50-73.133 or (ii)contains the words "Registered Limited Liability Limited Partnership" or"Limited Liability Limited Partnership" or the abbreviation "R.L.L.L.P."or "L.L.L.P." or the designation "RLLLP" or "LLLP."

B. In applying 50-73.132 to a limited partnership, all references topartners mean general partners.

C. If a limited partnership is a registered limited liability partnership, 50-73.96 applies to its general partners and to any of its limited partnerswho, under other provisions of this chapter, are liable for the debts orobligations of the partnership.

(1995, c. 116; 1996, c. 292; 1998, c. 163.)