What does RULPA stand for?

In addition, the court found support for treating interests separately in the Revised Uniform Limited Partnership Act, which states that when a partner is both a general and a limited partner of a limited partnership, the partner is subject to the rules for general partners when acting in his or her capacity as a general partner and to the rules for limited partners when acting in his or her capacity as a limited partner.

Bush as the Florida Revised Uniform Limited Partnership Act of 2005.

An example of that commitment, Goodlette said, was demonstrated by the passage this year of Senate Bill 1056, a Business Law Section supported initiative that replaces the 1986 version of the Florida Revised Uniform Limited Partnership Act with a 2005 edition.

For summaries of Florida RUPA, see Larson, Florida's New Partnership Law: The Revised Uniform Limited Partnership Act and Limited Liability Partnership, 23 Fla.

The section also is partnering with the Business Law and Real Property, Probate and Trust Law sections in commissioning a rewrite of the Florida Revised Uniform Limited Partnership Act, and with the Real Property, Probate and Trust Law Section and the Elder Law Section in studying the Uniform Trust Code for potential adoption in Florida.

Electing Out of Subchapter K In FSA 200216005, (19) a limited partnership formed under a state Revised Uniform Limited Partnership Act (RULPA) could not elect out of subchapter K; the partners did not meet Sec.