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26 U.S.C. § 6223 — Partners bound by actions of partnership

submitted 11 years ago by Pub. L. 114-74 to r/title-26-INTERNAL-REVENUE-CODE · 113 words · no verdicts yet

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A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a) Designation of partnership representative

Each partnership shall designate (in the manner prescribed by the Secretary) a partner (or other person) with a substantial presence in the United States as the partnership representative who shall have the sole authority to act on behalf of the partnership under this subchapter. In any case in which such a designation is not in effect, the Secretary may select any person as the partnership representative.

(b) Binding effect

A partnership and all partners of such partnership shall be bound—

(1)

by actions taken under this subchapter by the partnership, and

(2)

by any final decision in a proceeding brought under this subchapter with respect to the partnership.

Source credit: (Added Pub. L. 114–74, title XI, § 1101(c)(1), Nov. 2, 2015, 129 Stat. 627.)

history & why it existsrecord from the source credit
  • 2015Enacted · Pub. L. 114-74 · 129 Stat. 627

A history note hasn’t been published yet. The record shows enactment by Pub. L. 114-74 on 2015-11-02.

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