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§ 50-73.135. Registered office and registered agent

A. Each registered limited liability partnership and each foreign registered limited liability partnership registered pursuant to this article shall continuously maintain in this Commonwealth: 1. A registered office that may be the same as any of its places of business; and 2. A registered agent who shall be either: a. An individual who is a […]

§ 50-73.136. Amendment of statement of registration; effect of statement of registration

A. Notwithstanding the provisions of subsection D or any other provision of this chapter, the status of a partnership as a registered limited liability partnership or a foreign registered limited liability partnership, and the liability of the partners thereof, shall not be affected by (i) errors in the information stated in the statement of registration, […]

§ 50-73.131. Statement of merger

A. After a plan of merger is approved, the surviving partnership or limited partnership shall file with the Commission a statement of merger on behalf of the partnerships that have filed either a statement of partnership authority or a statement of registration as a registered limited liability partnership that is not canceled. B. A statement […]

§ 50-73.132. Registered limited liability partnerships

A. To become a registered limited liability partnership, a partnership formed under the laws of the Commonwealth shall file with the Commission a statement of registration as a registered limited liability 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 […]

§ 50-73.126. Conversion of limited partnership to partnership

A. A limited partnership may be converted to a partnership pursuant to this section. B. Notwithstanding a provision to the contrary in a limited partnership agreement, the terms and conditions of a conversion of a limited partnership to a partnership shall be approved by all of the partners. C. After the conversion is approved by […]

§ 50-73.127. Effect of conversion; entity unchanged

A. A limited partnership that has been converted pursuant to this article is for all purposes the same entity that existed before the conversion. B. When a conversion takes effect: 1. All property owned by the converting limited partnership remains vested in the resulting partnership; 2. All obligations of the converting limited partnership continue as […]

§ 50-73.128. Merger of partnerships

A. Pursuant to a written plan of merger approved as provided in subsection C, a partnership may be merged with one or more domestic or foreign partnerships, limited partnerships, limited liability companies, business trusts, or corporations if: 1. The merger is not prohibited by the partnership agreement of any domestic partnership that is a party […]

§ 50-73.129. Effect of merger

A. When a merger takes effect: 1. The separate existence of every partnership or limited partnership that is a party to the merger, other than the surviving entity, ceases; 2. All property owned by each of the merged partnerships or limited partnerships vests in the surviving entity; 3. All obligations of every partnership or limited […]