The Florida Senate

620.788  Domestic limited partnership as a registered limited liability partnership.--

(1)  A domestic limited partnership may become a registered limited liability partnership by complying with this section.

(2)  A domestic limited partnership is a registered limited liability partnership as well as a domestic limited partnership if it:

(a)  Registers as a registered limited liability partnership as provided in s. 620.78, as permitted by its partnership agreement, or, if its partnership agreement is silent, with the consent of partners sufficient to amend its partnership agreement.

(b)  Complies with ¹s. 620.7851.

(c)  Has as the last words or letters of its name the word "Limited," or the abbreviation "Ltd.," followed by the words "registered limited liability partnership" or the abbreviation "L.L.P." or the designation "LLP."

(3)  In applying s. 620.78 to a limited partnership, all references to partners means general partners.

(4)  If a domestic limited partnership is a registered limited liability partnership, ²s. 620.782 applies to its general partners and to any of its limited partners who, under the provisions of part I, the Florida Revised Uniform Limited Partnership Act, are liable for the debts, obligations, or liabilities of the limited partnership.

History.--s. 9, ch. 95-242; s. 9, ch. 95-409.

¹Note.--Substituted for a reference to s. 620.82 by the editors to conform to the renumbering of s. 620.82 by the reviser incident to the compilation of the Florida Statutes 1995.

²Note.--Substituted for a reference to s. 620.79 by the editors to conform to the renumbering of s. 620.79 by the reviser incident to the compilation of the Florida Statutes 1995.