754 Election. In the event of the transfer of an interest in the Partnership, or on the death of an individual party hereto, or in the event of the distribution of property to any party, the Managing General Partner may choose for the Partnership to file an election in accordance with the applicable Treasury Regulations to cause the basis of the Partnership’s assets to be adjusted for federal income tax purposes as provided by §§734 and 743 of the Code.
Appears in 11 contracts
Samples: Certificate and Agreement (DGOC Series 18C LP), Certificate and Agreement (DGOC Series 18B LP), Certificate and Agreement (DGOC Series 28, L.P.)
754 Election. In the event of the transfer of an interest in the Partnership, or on the death of an individual party hereto, or in the event of the distribution of property to any party, the Managing General Partner may choose for the Partnership to file an election in accordance with the applicable Treasury Regulations to cause the basis of the Partnership’s 's assets to be adjusted for federal income tax purposes as provided by §§734 ss.ss.734 and 743 of the Code.
Appears in 4 contracts
Samples: Certificate and Agreement (Atlas America Public #14-2004 L.P.), Limited Partnership Agreement (Atlas America Public 12 2003 Program), Escrow Agreement (Atlas America Public 11-2002 LTD)
754 Election. In the event of the transfer of an interest in the Partnership, or on upon the death of an individual party hereto, or in the event of the distribution of property to any partyparty hereto, the Managing General Partner may choose for the Partnership to file an election in accordance with the applicable Treasury Regulations to cause the basis of the Partnership’s 's assets to be adjusted for federal income tax purposes as provided by §§..734 and 743 of the Code.
Appears in 1 contract
Samples: Certificate and Agreement (Atlas Energy for the Nineties Public No 5 LTD)
