[Code of Federal Regulations]

[Title 15, Volume 3]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 15CFR806.12]



[Page 22]

 

                  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.