8589 - General powers and duties of qualified foreign limited partnerships. - Pennsylvania Statutes

§ 8589. General powers and duties of qualified foreign limited partnerships. (a) General rule.--A qualified foreign limited partnership, so long as its registration under this subchapter is not canceled or revoked, shall enjoy the same rights and privileges as a domestic limited partnership, but no more, and, except as in this part otherwise provided, shall be subject to the same liabilities, restrictions, duties and penalties now in force or hereafter imposed upon domestic limited partnerships, to the same extent as if it had been formed under this chapter. (b) Agricultural lands.--Interests in agricultural land shall be subject to the restrictions of, and escheatable as provided by, the act of April 6, 1980 (P.L.102, No.39), referred to as the Agricultural Land Acquisition by Aliens Law.