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Session Laws, 1986
Volume 768, Page 154   View pdf image
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154                                                LAWS OF MARYLAND                                      Ch. 9

(1)  All limited partnerships formed on or after the
effective date shall be governed by the provisions of the
Maryland Revised Uniform Limited Partnership Act;

(2)  All existing limited partnerships which have been
formed under the provisions of the Maryland Uniform Limited
Partnership Act shall continue to be governed by the provisions
of that Act until the extended effective date of July 1, 1985, at
which time those limited partnerships shall be governed by the
provisions of the Maryland Revised Uniform Limited Partnership
Act;

(3)  Subtitle 9, dealing with registration of foreign
limited partnerships, is not effective until the extended
effective date;

(4)  Any limited partnership formed under the Maryland
Uniform Limited Partnership Act and any foreign limited
partnerships may elect to be governed by the provisions of the
Maryland Revised Uniform Limited Partnership Act before the
extended effective date by filing with the Department one of the
following documents which specifically states that the limited
partnership is electing to be bound by the Maryland Revised
Uniform Limited Partnership Act before July 1, 1985:

(i) For a Maryland limited partnership:

1.  An initial certificate; or

2.  A certificate of amendment;

(ii) For a foreign limited partnership, an
application for registration.

10-1105.

(A)  IN THIS SECTION, "LIMITED PARTNERSHIP" MEANS A LIMITED
PARTNERSHIP THAT:

(1)  WAS FORMED UNDER THE MARYLAND UNIFORM LIMITED
PARTNERSHIP ACT BEFORE JULY 1, 1982; AND

(2)  DID NOT EXERCISE THE ELECTION UNDER AUTHORIZED BY
§ 10-1104(4) OF THIS TITLE BEFORE JULY 1,1985.

(B)  (1) EXCEPT AS PROVIDED IN § 10-1104(2) OF THIS TITLE, A
LIMITED PARTNERSHIP SHALL BE GOVERNED BY THE MARYLAND REVISED
UNIFORM LIMITED PARTNERSHIP ACT AS OF JULY 1, 1985. HOWEVER,
EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS SUBSECTION, A LIMITED
PARTNERSHIP IS NOT REQUIRED TO FILE WITH THE DEPARTMENT A
CERTIFICATE THAT WOULD CAUSE ITS CERTIFICATE OF LIMITED
PARTNERSHIP TO COMPLY WITH THIS TITLE UNTIL THE OCCURRENCE OF AN
EVENT WHICH REQUIRES THE FILING OF A CERTIFICATE OF AMENDMENT
UNDER § 10-202(B) OF THIS TITLE AT WHICH TIME THE LIMITED
PARTNERSHIP SHALL:

 

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Session Laws, 1986
Volume 768, Page 154   View pdf image
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