Exhibit 5.1

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October 1, 2015 |
Ferrellgas Partners, L.P.
7500 College Boulevard, Suite 1000
Overland Park, Kansas 66210
Re: Ferrellgas Partners, L.P.
Registration Statement Form S-3
Ladies and Gentlemen:
We have acted as counsel to Ferrellgas Partners, L.P., a Delaware limited partnership (the “Partnership”), in connection with the registration, pursuant to a registration statement on Form S-3 (the “Registration Statement”), filed by the Partnership with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Act”), relating to the offering and sale by certain selling unitholders of the Partnership named in the Registration Statement of up to 11,200,000 units (the “Secondary Common Units”) constituting common units representing limited partner interests in the Partnership (“Common Units”). The Secondary Common Units may be sold or delivered from time to time as set forth in the Registration Statement, any amendment thereto, the prospectus contained therein (the “Prospectus”) and supplements to the Prospectus pursuant to Rule 415 under the Act. This opinion is being furnished at the request of the Partnership and in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Act.
We have examined originals or certified copies of the agreement of limited partnership of the Partnership as in effect on the date hereof (the “Partnership Agreement”) and such other partnership records of the Partnership and other certificates and documents of officials of the Partnership or its general partner and public officials and others as we have deemed appropriate for purposes of this letter. We have assumed the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us as originals, and the conformity to authentic original documents of all copies submitted to us as conformed, certified or reproduced copies. We have also assumed that, upon sale and delivery, (i) if constituting certificated Secondary Common Units, the certificates therefor will conform to the specimen thereof included as an exhibit to the Partnership Agreement and will have been duly countersigned by the transfer agent and duly registered by the registrar for the Common Units or (ii) if constituting uncertificated Secondary Common Units, valid book-entry notations for the issuance of such Secondary Common Units in uncertificated form will have been duly made in the register of Common Units of the Partnership and any other documents relating thereto as required by the Partnership Agreement will have been received. As to various questions of fact relevant to this letter, we have relied, without independent investigation, upon certificates of public officials and certificates of officers of the general partner of the Partnership, all of which we assume to be true, correct and complete.
1111 Louisiana Street, 44th Floor | Houston, Texas 77002-5200 | 713.220.5800 | fax: 713.236.0822 | akingump.com
Based upon the foregoing and subject to the assumptions, exceptions, qualifications and limitations set forth herein, we are of the opinion that the Secondary Common Units are duly authorized and validly issued and holders of such Secondary Common Units have no obligation to make any further payments to the Partnership for the issuance of such Secondary Common Units or contributions to the Partnership solely by reason of their ownership of such Secondary Common Units, except for their obligations to repay any funds wrongfully distributed to them.
The opinions and other matters in this letter are qualified in their entirety and subject to the following:
(A) We express no opinion as to the laws of any jurisdiction other than the Revised Uniform Limited Partnership Act of the State of Delaware (the “Delaware LP Act”). As used herein, the term “Delaware LP Act,” includes the statutory provisions contained therein and all applicable provisions of the Delaware Constitution and reported judicial decisions interpreting these laws.
(B) This opinion letter is limited to the matters expressly stated herein and no opinion is to be inferred or implied beyond the opinion expressly set forth herein. We undertake no, and hereby disclaim any, obligation to make any inquiry after the date hereof or to advise you of any changes in any matter set forth herein, whether based on a change in the law, a change in any fact relating to the Partnership or any other person or any other circumstance.
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We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of our name in the Prospectus under the caption “Legal Matters.” In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Act and the rules and regulations thereunder.
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Very truly yours, |
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/s/ AKIN GUMP STRAUSS HAUER & FELD LLP |
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AKIN GUMP STRAUSS HAUER & FELD LLP |