{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.113.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.113.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.113.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.113.html"}],"law_id":68306,"edition_id":1,"section_id":68306,"structure_id":16425,"section_number":"50-73.113","catch_line":"Dissociated partner’s power to bind partnership","history":"1996, c. 292.","full_text":"A\n\nFor one year after a partner dissociates without resulting in a dissolution and winding up of the partnership business, the partnership, including a surviving partnership under Article 9, is bound by an act of the dissociated partner which would have bound the partnership under \u00a7 50-73.91 before dissociation only if at the time of entering into the transaction the other party:1\n\nReasonably believed that the dissociated partner was then a partner;2\n\nDid not have notice of the partner’s dissociation; and3\n\nIs not deemed to have had knowledge under subsection E of § 50-73.93 or notice under subsection C of § 50-73.115.B\n\nA dissociated partner is liable to the partnership for any damage caused to the partnership arising from an obligation incurred by the dissociated partner after dissociation for which the partnership is liable under subsection A.","order_by":null,"text":{"0":{"id":247109,"text":"For one year after a partner dissociates without resulting in a dissolution and winding up of the partnership business, the partnership, including a surviving partnership under Article 9, is bound by an act of the dissociated partner which would have bound the partnership under \u00a7 50-73.91 before dissociation only if at the time of entering into the transaction the other party:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":247110,"text":"Reasonably believed that the dissociated partner was then a partner;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":247111,"text":"Did not have notice of the partner’s dissociation; and","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":247112,"text":"Is not deemed to have had knowledge under subsection E of § 50-73.93 or notice under subsection C of § 50-73.115.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"B"},"4":{"id":247113,"text":"A dissociated partner is liable to the partnership for any damage caused to the partnership arising from an obligation incurred by the dissociated partner after dissociation for which the partnership is liable under subsection A.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A3"}},"ancestry":[{"id":16425,"edition_id":1,"name":"Partner's Dissociation When Business Not Wound up","identifier":"7","label":"article","depth":3,"order_by":1,"parent_id":12958,"metadata":{},"date_created":"2026-06-26 04:17:28","date_modified":"2026-06-26 04:17:28","permalink":{"id":234867,"object_type":"structure","relational_id":16425,"identifier":"7","token":"50\/2.2\/7","url":"\/50\/2.2\/7\/","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":80105,"structure_id":16425,"section_number":"50-73.112","catch_line":"Purchase of dissociated partner's interest","url":"\/50-73.112\/","token":"50\/2.2\/7\/50-73.112","metadata":false},{"id":68306,"structure_id":16425,"section_number":"50-73.113","catch_line":"Dissociated partner's power to bind partnership","url":"\/50-73.113\/","token":"50\/2.2\/7\/50-73.113","metadata":false},{"id":74806,"structure_id":16425,"section_number":"50-73.114","catch_line":"Dissociated partner's liability to other persons","url":"\/50-73.114\/","token":"50\/2.2\/7\/50-73.114","metadata":false},{"id":69228,"structure_id":16425,"section_number":"50-73.115","catch_line":"Statement of dissociation","url":"\/50-73.115\/","token":"50\/2.2\/7\/50-73.115","metadata":false},{"id":80664,"structure_id":16425,"section_number":"50-73.116","catch_line":"Continued use of partnership name","url":"\/50-73.116\/","token":"50\/2.2\/7\/50-73.116","metadata":false}],"previous_section":{"id":80105,"structure_id":16425,"section_number":"50-73.112","catch_line":"Purchase of dissociated partner's interest","url":"\/50-73.112\/","token":"50\/2.2\/7\/50-73.112","metadata":false},"next_section":{"id":74806,"structure_id":16425,"section_number":"50-73.114","catch_line":"Dissociated partner's liability to other persons","url":"\/50-73.114\/","token":"50\/2.2\/7\/50-73.114","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.113\/","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":69228,"section_number":"50-73.115","catch_line":"Statement of dissociation","order_by":null,"url":"\/50-73.115\/"},{"id":74044,"section_number":"50-73.129","catch_line":"Effect of merger","order_by":null,"url":"\/50-73.129\/"}],"refers_to":[{"id":78463,"section_number":"50-73.91","catch_line":"Partner agent of partnership","order_by":null,"url":"\/50-73.91\/"},{"id":59704,"section_number":"50-73.93","catch_line":"Statement of partnership authority","order_by":null,"url":"\/50-73.93\/"}],"permalink":{"id":234873,"object_type":"law","relational_id":68306,"identifier":"50-73.113","token":"50\/2.2\/7\/50-73.113","url":"\/50-73.113\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.113\/","token":"50\/2.2\/7\/50-73.113","dublin_core":{"Title":"Dissociated partner’s power to bind partnership","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.113","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> For one year after a partner dissociates without resulting in a dissolution and winding up of the partnership<\/span> business<\/span>, the partnership<\/span>, including a surviving partnership<\/span> under Article 9, is bound by an act of the dissociated partner which would have bound the partnership<\/span> under \u00a7 50-73.91<\/a> before dissociation only if at the time of entering into the transaction the other party<\/span>: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Reasonably believed that the dissociated partner was then a partner; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Did not have notice of the partner’s dissociation; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Is not deemed to have had knowledge under subsection E of § 50-73.93<\/a> or notice under subsection C of § 50-73.115<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A dissociated partner is liable to the partnership<\/span> for any damage caused to the partnership<\/span> arising from an obligation incurred by the dissociated partner after dissociation for which the partnership<\/span> is liable under subsection A. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDISSOCIATED PARTNER’S POWER TO BIND PARTNERSHIP (\u00a7 50-73.113)\n\nA. For one year after a partner dissociates without resulting in a dissolution\nand winding up of the partnership business, the partnership, including a\nsurviving partnership under Article 9, is bound by an act of the dissociated\npartner which would have bound the partnership under \u00a7 50-73.91 before\ndissociation only if at the time of entering into the transaction the other\nparty:\n\n 1. Reasonably believed that the dissociated partner was then a partner;\n\n 2. Did not have notice of the partner’s dissociation; and\n\n 3. Is not deemed to have had knowledge under subsection E of § 50-73.93\n or notice under subsection C of § 50-73.115.\n\nB. A dissociated partner is liable to the partnership for any damage caused to\nthe partnership arising from an obligation incurred by the dissociated partner\nafter dissociation for which the partnership is liable under subsection A.\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}}