§ 50-73.39:1 No right to distribution upon withdrawal
Except as otherwise provided in writing in the partnership agreement, neither a general partner nor a limited partner has any right to receive any distribution on account of (i) the partner’s withdrawal or (ii) other event of dissolution or ceasing, for any other reason, to be partner.
History
This law was first created in 2000. The record of its establishment is cataloged in chapter 581 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.
2000, c. 581.