[Code of Federal Regulations]
[Title 15, Volume 3]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 15CFR806.12]

[Page 23]
 
                  TITLE 15--COMMERCE AND FOREIGN TRADE
 
    CHAPTER VIII--BUREAU OF ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE
 
PART 806_DIRECT INVESTMENT SURVEYS--Table of Contents
 
Sec. 806.12  Partnerships.

    Limited partners do not have voting rights in a partnership and 
therefore cannot have a direct investment in a partnership; their 
investment is considered to be portfolio investment. Determination of 
the existence of direct investment in a partnership shall be based on 
the country of residence of, and the percentage control exercised by, 
the general partner(s), although the latter may differ from the 
financial interest of the general partners.