{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.120.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.120.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.120.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.120.html"}],"law_id":76746,"edition_id":1,"section_id":76746,"structure_id":14608,"section_number":"50-73.120","catch_line":"Partner&#8217;s power to bind partnership after dissolution","history":"1996, c. 292.","full_text":"Subject to \u00a7 50-73.121, a partnership is bound by a partner&#8217;s act after dissolution that:\n\n1\n\nIs appropriate for winding up the partnership business; or2\n\nWould have bound the partnership under &#xA7; 50-73.91 before dissolution, if the other party to the transaction did not have notice of the dissolution.","order_by":null,"text":{"0":{"id":275590,"text":"Subject to \u00a7 50-73.121, a partnership is bound by a partner&#8217;s act after dissolution that:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":275591,"text":"Is appropriate for winding up the partnership business; or","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":275592,"text":"Would have bound the partnership under &#xA7; 50-73.91 before dissolution, if the other party to the transaction did not have notice of the dissolution.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1"}},"ancestry":[{"id":14608,"edition_id":1,"name":"Winding up Partnership Business","identifier":"8","label":"article","depth":3,"order_by":1,"parent_id":12958,"metadata":{},"date_created":"2026-06-26 03:48:52","date_modified":"2026-06-26 03:48:52","permalink":{"id":234889,"object_type":"structure","relational_id":14608,"identifier":"8","token":"50\/2.2\/8","url":"\/50\/2.2\/8\/","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":56128,"structure_id":14608,"section_number":"50-73.117","catch_line":"Events causing dissolution and winding up of partnership business","url":"\/50-73.117\/","token":"50\/2.2\/8\/50-73.117","metadata":false},{"id":78826,"structure_id":14608,"section_number":"50-73.118","catch_line":"Partnership continues after dissolution","url":"\/50-73.118\/","token":"50\/2.2\/8\/50-73.118","metadata":false},{"id":69069,"structure_id":14608,"section_number":"50-73.119","catch_line":"Right to wind up partnership business","url":"\/50-73.119\/","token":"50\/2.2\/8\/50-73.119","metadata":false},{"id":76746,"structure_id":14608,"section_number":"50-73.120","catch_line":"Partner's power to bind partnership after dissolution","url":"\/50-73.120\/","token":"50\/2.2\/8\/50-73.120","metadata":false},{"id":61925,"structure_id":14608,"section_number":"50-73.121","catch_line":"Statement of dissolution","url":"\/50-73.121\/","token":"50\/2.2\/8\/50-73.121","metadata":false},{"id":63810,"structure_id":14608,"section_number":"50-73.122","catch_line":"Partner's liability to other partners after dissolution","url":"\/50-73.122\/","token":"50\/2.2\/8\/50-73.122","metadata":false},{"id":78618,"structure_id":14608,"section_number":"50-73.123","catch_line":"Settlement of accounts and contributions among partners","url":"\/50-73.123\/","token":"50\/2.2\/8\/50-73.123","metadata":false}],"previous_section":{"id":69069,"structure_id":14608,"section_number":"50-73.119","catch_line":"Right to wind up partnership business","url":"\/50-73.119\/","token":"50\/2.2\/8\/50-73.119","metadata":false},"next_section":{"id":61925,"structure_id":14608,"section_number":"50-73.121","catch_line":"Statement of dissolution","url":"\/50-73.121\/","token":"50\/2.2\/8\/50-73.121","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.120\/","history_text":"<p>This law was first created in 1996. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?961+ful+CHAP0292\">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":78826,"section_number":"50-73.118","catch_line":"Partnership continues after dissolution","order_by":null,"url":"\/50-73.118\/"},{"id":61925,"section_number":"50-73.121","catch_line":"Statement of dissolution","order_by":null,"url":"\/50-73.121\/"},{"id":63810,"section_number":"50-73.122","catch_line":"Partner's liability to other partners after dissolution","order_by":null,"url":"\/50-73.122\/"}],"refers_to":[{"id":61925,"section_number":"50-73.121","catch_line":"Statement of dissolution","order_by":null,"url":"\/50-73.121\/"},{"id":78463,"section_number":"50-73.91","catch_line":"Partner agent of partnership","order_by":null,"url":"\/50-73.91\/"}],"permalink":{"id":234903,"object_type":"law","relational_id":76746,"identifier":"50-73.120","token":"50\/2.2\/8\/50-73.120","url":"\/50-73.120\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.120\/","token":"50\/2.2\/8\/50-73.120","dublin_core":{"Title":"Partner&#8217;s power to bind partnership after dissolution","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.120","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Subject to \u00a7&nbsp;<a class=\"law\" title=\"Statement of dissolution\" href=\"\/50-73.121\/\">50-73.121<\/a>, a <span class=\"dictionary\">partnership<\/span> is bound by a partner&#8217;s act after dissolution that:<\/p><\/section>\n\t\t\t\t\t\t<section id=\"1\"><p><span class=\"prefix-number\">1.<\/span> Is appropriate for winding up the <span class=\"dictionary\">partnership<\/span> <span class=\"dictionary\">business<\/span>; or <a id=\"paragraph-275591\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/50-73.120\/#1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"2\"><p><span class=\"prefix-number\">2.<\/span> Would have bound the <span class=\"dictionary\">partnership<\/span> under &#xA7; <a class=\"law\" title=\"Partner agent of partnership\" href=\"\/50-73.91\/\">50-73.91<\/a> before dissolution, if the other <span class=\"dictionary\">party<\/span> to the transaction did not have notice of the dissolution. <a id=\"paragraph-275592\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/50-73.120\/#2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nPARTNER&#8217;S POWER TO BIND PARTNERSHIP AFTER DISSOLUTION (\u00a7 50-73.120)\n\nSubject to \u00a7 50-73.121, a partnership is bound by a partner&#8217;s act after\ndissolution that:\n\n1. Is appropriate for winding up the partnership business; or\n\n2. Would have bound the partnership under &#xA7; 50-73.91 before dissolution, if\nthe other party to the transaction did not have notice of the dissolution.\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}}