S*509 Session 107 (1987-1988)
S*0509(Rat #0072, Act #0044 of 1987) General Bill, By Senate Judiciary
A Bill to amend the Title to Act 533 of 1986, relating to the Uniform Limited
Partnership Act, so as to make certain technical corrections.
03/11/87 Senate Introduced, read first time, placed on calendar
without reference SJ-855
03/12/87 Senate Read second time SJ-903
03/17/87 Senate Amended SJ-927
03/17/87 Senate Read third time and sent to House SJ-928
03/18/87 House Introduced and read first time HJ-1127
03/18/87 House Referred to Committee on Judiciary HJ-1127
04/08/87 House Committee report: Favorable Judiciary HJ-1659
04/09/87 House Read second time HJ-1765
04/14/87 House Read third time and enrolled HJ-1865
04/23/87 Ratified R 72
04/28/87 Signed By Governor
04/28/87 Effective date 04/28/87
04/28/87 Act No. 44
05/12/87 Copies available
(A44, R72, S509)
AN ACT TO AMEND THE TITLE TO ACT 533 OF 1986, RELATING TO THE UNIFORM LIMITED
PARTNERSHIP ACT, SO AS TO MAKE CERTAIN TECHNICAL CORRECTIONS.
Be it enacted by the General Assembly of the State of South Carolina:
Title corrected
SECTION 1. The title to Act 533 of 1986 is amended to read:
"AN ACT TO AMEND CHAPTER 42, TITLE 33, CODE OF LAWS OF SOUTH CAROLINA, 1976,
RELATING TO THE UNIFORM LIMITED PARTNERSHIP ACT, SO AS TO ADOPT A SHORT FORM
NOTICE FILING CERTIFICATION INSTEAD OF THE LONG FORM CERTIFICATE; EXPAND THE
INFORMATION THAT MUST BE KEPT ON FILE IN THE PLACE OF BUSINESS OF THE
PARTNERSHIP; EXPAND THE 'SAFE HARBOR' POWERS OF LIMITED PARTNERS SO AS TO ENABLE
LIMITED PARTNERS TO BARGAIN FOR GREATER VOTING POWERS; TO PROVIDE THAT ADDITIONAL
GENERAL PARTNERS MAY BE ADDED WITH LESS THAN UNANIMOUS CONSENT BY THE OTHER
PARTNERS; TO PROVIDE FOR A 'SAFE HARBOR' PROCEDURE BY WHICH LIMITED PARTNERSHIPS
MAY BE MERGED; PROVIDE A 'SAFE HARBOR' LIST OF ACTIVITIES A FOREIGN LIMITED
PARTNERSHIP CAN CONDUCT IN THIS STATE WITHOUT BEING REQUIRED TO REGISTER AS A
FOREIGN LIMITED PARTNERSHIP; TO REQUIRE EACH LIMITED PARTNERSHIP TO KEEP A
CURRENT LIST AND FULL NAME AND LAST KNOWN MAILING ADDRESS INSTEAD OF BUSINESS
ADDRESS OF EACH PARTNER; TO PERMIT THE USE OF THE ABBREVIATION LP OR L.P. BY
LIMITED PARTNERSHIPS; TO REQUIRE FOREIGN LIMITED PARTNERSHIPS TO REGISTER IN THIS
STATE TO USE A NAME THAT CAN BE USED BY A LIMITED PARTNERSHIP FORMED IN THIS
STATE; TO PROVIDE A REVISED ASSUMED NAME FILING REQUIREMENT APPLICABLE TO LIMITED
PARTNERSHIPS; TO ESTABLISH A FEE SCHEDULE FOR FILING LIMITED PARTNERSHIP
CERTIFICATES AND OBTAINING COPIES OF CERTIFICATES AND AMENDMENTS; AND TO MAKE
TECHNICAL MODIFICATIONS AND CLARIFY AMBIGUITIES; TO AMEND ARTICLE 1 OF CHAPTER
5 OF TITLE 15, RELATING TO GENERAL PROVISIONS CONCERNING PARTIES IN A CIVIL
ACTION, BY ADDING SECTION 15-5-45 SO AS TO AUTHORIZE ANY PARTNERSHIP TO SUE AND
BE SUED IN ITS OWN NAME; TO AMEND SECTION 33-41-370, RELATING TO THE LIABILITY
OF PARTNERS OF PARTNERSHIPS UNDER THE UNIFORM PARTNERSHIP ACT, SO AS TO MAKE
PARTNERS JOINTLY AND SEVERALLY LIABLE FOR EVERYTHING CHARGEABLE TO THE
PARTNERSHIP; AND TO ESTABLISH TRANSITION PROVISIONS WHICH GOVERN ALL LIMITED
PARTNERSHIPS."
Time effective
SECTION 2. This act takes effect upon approval by the Governor. |