                                 CODE OF VIRGINIA

LIMITED PARTNERSHIP AS REGISTERED LIMITED LIABILITY PARTNERSHIP (§ 50-73.78)

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

   1. Registers as a limited liability partnership as provided in &#xA7;
   50-73.132 of the Virginia Uniform Partnership Act (&#xA7; 50-73.79 et seq.),
   as permitted by its written partnership agreement or, if its written
   partnership agreement is silent, with the consent of partners required to
   amend its written partnership agreement, provided that, notwithstanding the
   provisions of subsection C of &#xA7; 50-73.83, a statement of registration as
   a limited liability partnership filed by a limited partnership shall be
   executed by any one or more authorized general partners; and

   2. Has a name that either: (i) complies with the requirements of clause (i) of
   subsection A of &#xA7; 50-73.2 and subsection A of &#xA7; 50-73.133 or (ii)
   contains the words &#8220;Registered Limited Liability Limited
   Partnership&#8221; or &#8220;Limited Liability Limited Partnership&#8221; or
   the abbreviation &#8220;R.L.L.L.P.&#8221; or &#8220;L.L.L.P.&#8221; or the
   designation &#8220;RLLLP&#8221; or &#8220;LLLP.&#8221;

B. In applying &#xA7; 50-73.132 to a limited partnership, all references to
partners mean general partners.

C. If a limited partnership is a registered limited liability partnership,
&#xA7; 50-73.96 applies to its general partners and to any of its limited
partners who, under other provisions of this chapter, are liable for the debts
or obligations of the partnership.

D. If a limited partnership is a registered limited liability partnership,
except to the extent that the provisions of this section and Article 9.1 (&#xA7;
50-73.132 et seq.) of Chapter 2.2 make a distinction between a domestic
partnership and a limited partnership, the provisions of Article 9.1 (&#xA7;
50-73.132 et seq.) of Chapter 2.2 shall apply to a limited partnership to the
same extent that such provisions apply to a domestic partnership that has
registered for status as a registered limited liability partnership.

HISTORY: 1995, c. 116; 1996, c. 292; 1998, c. 163; 2007, c. 631; 2012, c. 63.