50-73.2 - Name. - Virginia Statutes

§ 50-73.2. Name.

The name of each limited partnership as set forth in its certificate oflimited partnership:

1. Shall either: (i) contain the words "limited partnership" or "a limitedpartnership" or the abbreviations "L.P." or "LP" or (ii) in the case ofa limited partnership that is also a limited liability partnership, complywith the requirements of clause (ii) of subdivision A 2 of § 50-73.78;

2. May not contain the name of a limited partner unless (i) it is also thename of a general partner or the corporate name of a corporate generalpartner, or (ii) the business of the limited partnership had been carried onunder that name before the admission of that limited partner;

3. [Repealed.]

4. Shall be distinguishable upon the records of the Commission from:

a. The name of a domestic limited partnership or a foreign limitedpartnership registered pursuant to this chapter;

b. A limited partnership name reserved under this chapter;

c. The designated name adopted by a foreign limited partnership because itsreal name is unavailable for use in this Commonwealth;

d. The name of any corporation, whether issuing shares or not issuing shares,existing under the laws of this Commonwealth or authorized to transactbusiness in this Commonwealth;

e. A corporate name reserved or registered under § 13.1-631, 13.1-632,13.1-830 or 13.1-831;

f. The designated name adopted by a foreign corporation, whether issuingshares or not issuing shares, because its real name is unavailable for use inthis Commonwealth;

g. The name of a domestic limited liability company or a foreign limitedliability company registered to transact business in this Commonwealth;

h. A limited liability company name reserved under § 13.1-1013;

i. The designated name adopted by a foreign limited liability company becauseits real name is unavailable for use in this Commonwealth;

j. The name of a domestic business trust or a foreign business trustregistered to transact business in this Commonwealth;

k. A business trust name reserved under § 13.1-1215; and

l. The designated name adopted by a foreign business trust because its realname is unavailable for use in this Commonwealth; and

5. Shall not contain the word "Corporation" or "Incorporated" or theabbreviation "Corp." or "Inc."

The Commission, in determining whether the name of a limited partnership isdistinguishable upon its records from the name of any of the businessentities listed in subdivision 4, shall not consider any word, phrase,abbreviation, or designation required or permitted under this section and §13.1-544.1, subsection A of § 13.1-630, subsection A of § 13.1-1012, §13.1-1104, and subdivision A 2 of § 50-73.78 to be contained in the name of abusiness entity formed or organized under the laws of this Commonwealth orauthorized or registered to transact business in this Commonwealth.

(1985, c. 607; 1987, c. 702; 1998, c. 163; 2003, cc. 340, 592; 2005, c. 379.)