{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.111.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.111.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.111.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.111.html"}],"law_id":75780,"edition_id":1,"section_id":75780,"structure_id":16240,"section_number":"50-73.111","catch_line":"Effect of partner’s dissociation","history":"1996, c. 292.","full_text":"A\n\nIf a partner’s dissociation results in a dissolution and winding up of the partnership business, Article 8 applies; otherwise, Article 7 applies.B\n\nUpon a partner’s dissociation:1\n\nThe partner’s right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in § 50-73.119;2\n\nThe partner’s duty of loyalty under subdivision B 3 of § 50-73.102 terminates; and3\n\nThe partner’s duty of loyalty under subdivisions B 1 and B 2 of § 50-73.102 and duty of care under subsection C of § 50-73.102 continue only with regard to matters arising and events occurring before the partner’s dissociation, unless the partner participates in winding up the partnership’s business pursuant to § 50-73.119.","order_by":null,"text":{"0":{"id":272073,"text":"If a partner’s dissociation results in a dissolution and winding up of the partnership business, Article 8 applies; otherwise, Article 7 applies.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":272074,"text":"Upon a partner’s dissociation:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":272075,"text":"The partner’s right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in § 50-73.119;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":272076,"text":"The partner’s duty of loyalty under subdivision B 3 of § 50-73.102 terminates; and","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":272077,"text":"The partner’s duty of loyalty under subdivisions B 1 and B 2 of § 50-73.102 and duty of care under subsection C of § 50-73.102 continue only with regard to matters arising and events occurring before the partner’s dissociation, unless the partner participates in winding up the partnership’s business pursuant to § 50-73.119.","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2"}},"ancestry":[{"id":16240,"edition_id":1,"name":"Partner's Dissociation","identifier":"6","label":"article","depth":3,"order_by":1,"parent_id":12958,"metadata":{},"date_created":"2026-06-26 04:10:44","date_modified":"2026-06-26 04:10:44","permalink":{"id":234853,"object_type":"structure","relational_id":16240,"identifier":"6","token":"50\/2.2\/6","url":"\/50\/2.2\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12958,"edition_id":1,"name":"Virginia Uniform Partnership Act","identifier":"2.2","label":"chapter","depth":2,"order_by":1,"parent_id":12957,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":234691,"object_type":"structure","relational_id":12958,"identifier":"2.2","token":"50\/2.2","url":"\/50\/2.2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12957,"edition_id":1,"name":"Partnerships","identifier":"50","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":234229,"object_type":"structure","relational_id":12957,"identifier":"50","token":"50","url":"\/50\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":87010,"structure_id":16240,"section_number":"50-73.109","catch_line":"Events causing partner's dissociation","url":"\/50-73.109\/","token":"50\/2.2\/6\/50-73.109","metadata":false},{"id":65441,"structure_id":16240,"section_number":"50-73.110","catch_line":"Partner's power to dissociate; wrongful dissociation","url":"\/50-73.110\/","token":"50\/2.2\/6\/50-73.110","metadata":false},{"id":75780,"structure_id":16240,"section_number":"50-73.111","catch_line":"Effect of partner's dissociation","url":"\/50-73.111\/","token":"50\/2.2\/6\/50-73.111","metadata":false}],"previous_section":{"id":65441,"structure_id":16240,"section_number":"50-73.110","catch_line":"Partner's power to dissociate; wrongful dissociation","url":"\/50-73.110\/","token":"50\/2.2\/6\/50-73.110","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.111\/","history_text":"

This law was first created in 1996. The record of its establishment is cataloged in chapter 292<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":80556,"section_number":"13.1-722.10","catch_line":"Plan of conversion","order_by":null,"url":"\/13.1-722.10\/"}],"refers_to":[{"id":68178,"section_number":"50-73.102","catch_line":"General standards of partner's conduct","order_by":null,"url":"\/50-73.102\/"},{"id":69069,"section_number":"50-73.119","catch_line":"Right to wind up partnership business","order_by":null,"url":"\/50-73.119\/"}],"permalink":{"id":234863,"object_type":"law","relational_id":75780,"identifier":"50-73.111","token":"50\/2.2\/6\/50-73.111","url":"\/50-73.111\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.111\/","token":"50\/2.2\/6\/50-73.111","dublin_core":{"Title":"Effect of partner’s dissociation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.111","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> If a partner’s dissociation results in a dissolution and winding up of the partnership<\/span> business<\/span>, Article 8 applies; otherwise, Article 7 applies. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Upon a partner’s dissociation: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The partner’s right to participate in the management and conduct of the partnership<\/span> business<\/span> terminates, except as otherwise provided in § 50-73.119<\/a>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The partner’s duty of loyalty under subdivision B 3 of § 50-73.102<\/a> terminates; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The partner’s duty of loyalty under subdivisions B 1 and B 2 of § 50-73.102<\/a> and duty of care under subsection C of § 50-73.102<\/a> continue only with regard to matters arising and events occurring before the partner’s dissociation, unless the partner participates in winding up the partnership<\/span>’s business<\/span> pursuant to § 50-73.119<\/a>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEFFECT OF PARTNER’S DISSOCIATION (\u00a7 50-73.111)\n\nA. If a partner’s dissociation results in a dissolution and winding up of\nthe partnership business, Article 8 applies; otherwise, Article 7 applies.\n\nB. Upon a partner’s dissociation:\n\n 1. The partner’s right to participate in the management and conduct of\n the partnership business terminates, except as otherwise provided in §\n 50-73.119;\n\n 2. The partner’s duty of loyalty under subdivision B 3 of §\n 50-73.102 terminates; and\n\n 3. The partner’s duty of loyalty under subdivisions B 1 and B 2 of\n § 50-73.102 and duty of care under subsection C of § 50-73.102\n continue only with regard to matters arising and events occurring before the\n partner’s dissociation, unless the partner participates in winding up\n the partnership’s business pursuant to § 50-73.119.\n\nHISTORY: 1996, c. 292.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}