California Corporations Code

§ 25014.5

CORP § 25014.5 Effective Jan 1, 1993Div. 1 · Title 4 · Part 1

“Rollup participant” means a finite-life limited partnership.

(a)Except as provided in subdivision (b) of Section 25014.6, a limited partnership has “finite-life” if both of the following apply:

(1)It operates as a conduit vehicle for investors to participate in the ownership of assets for a limited period of time.

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Legislative history

Added by Stats. 1992, Ch. 1183, Sec. 2. Effective January 1, 1993.