New Developments in Master Limited Partnership Governance

In February 2005, The Business Lawyer published an article describing the state of master limited partnership ("MLP'') governance, which at that time had become relatively standardized. However, since that time, a number of MLPs have been formed or have restructured in ways significantly different from the previously standard MLP governance model. This article describes the changes that have occurred in the MLP marketplace and discusses these "new" MLP governance models.