Section 10A-9A-11.01 Application to existing relationships. (a) Beginning January 1, 2017, this chapter governs all limited partnerships and all foreign limited partnerships. (b) With respect to a limited partnership formed before January 1, 2010, the following rules apply except as the partners otherwise elect in the manner provided in the partnership agreement or by law […]
Section 10A-9A-11.02 Severability clause. If any provision of this chapter or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are severable. […]
Section 10A-9A-11.03 Relation to Electronic Signatures in Global And National Commerce Act. This chapter modifies, limits, or supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7001 et seq., but this chapter does not modify, limit, or supersede Section 101(c) of that act or authorize electronic delivery of any of […]
Section 10A-9A-11.04 Effective date. This chapter takes effect January 1, 2017. (Act 2016-379, §1.)
Section 10A-9A-11.05 Repeals. Effective January 1, 2017, the following parts of the Code of Alabama 1975 are repealed: Sections 10A-9-1.01 to 10A-9-12.08, inclusive, as amended and in effect immediately before the effective date of this act. (Act 2016-379, §1.)
Section 10A-9A-11.06 Savings clause. This chapter does not affect an action commenced, proceeding brought, or right accrued before this chapter takes effect. (Act 2016-379, §1.)
Section 10A-9A-11.07 Classification. For purposes of income taxation, other than under Chapter 14A of Title 40, a domestic or foreign limited partnership or limited liability limited partnership shall be treated as a partnership unless it is classified otherwise for federal income tax purposes, in which case it shall be classified in the same manner as […]
