Common use of Subchapter K Election Clause in Contracts

Subchapter K Election. No election shall be made by the Partnership or by any Partner to be excluded from the application of the provisions of Subchapter K of Chapter 1 of Title 1A of the Code or any similar provisions of applicable state tax laws.

Appears in 1 contract

Sources: Limited Partnership Agreement (Advanced Prosthetics of America, Inc.)

Subchapter K Election. No election shall be made by the Partnership or by any Partner to be excluded from the application of the provisions of Subchapter K of Chapter 1 of Title 1A lA of the Code or any similar provisions of applicable state tax laws.

Appears in 1 contract

Sources: Limited Partnership Agreement (JMA Associates, Inc.)