{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.127.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.127.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.127.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.127.html"}],"law_id":54394,"edition_id":1,"section_id":54394,"structure_id":13427,"section_number":"50-73.127","catch_line":"Effect of conversion; entity unchanged","history":"1996, c. 292; 2007, c. 631.","full_text":"A\n\nA limited partnership that has been converted pursuant to this article is for all purposes the same entity that existed before the conversion.B\n\nWhen a conversion takes effect:1\n\nAll property owned by the converting limited partnership remains vested in the resulting partnership;2\n\nAll obligations of the converting limited partnership continue as obligations of the resulting partnership; and3\n\nAn action or proceeding pending against the converting limited partnership may be continued as if the conversion had not occurred.","order_by":null,"text":{"0":{"id":199684,"text":"A limited partnership that has been converted pursuant to this article is for all purposes the same entity that existed before the conversion.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":199685,"text":"When a conversion takes effect:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":199686,"text":"All property owned by the converting limited partnership remains vested in the resulting partnership;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":199687,"text":"All obligations of the converting limited partnership continue as obligations of the resulting partnership; and","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":199688,"text":"An action or proceeding pending against the converting limited partnership may be continued as if the conversion had not occurred.","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2"}},"ancestry":[{"id":13427,"edition_id":1,"name":"Conversions and Mergers","identifier":"9","label":"article","depth":3,"order_by":1,"parent_id":12958,"metadata":{},"date_created":"2026-06-26 03:44:52","date_modified":"2026-06-26 03:44:52","permalink":{"id":234919,"object_type":"structure","relational_id":13427,"identifier":"9","token":"50\/2.2\/9","url":"\/50\/2.2\/9\/","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":60683,"structure_id":13427,"section_number":"50-73.124","catch_line":"Definitions","url":"\/50-73.124\/","token":"50\/2.2\/9\/50-73.124","metadata":false},{"id":85037,"structure_id":13427,"section_number":"50-73.125","catch_line":"Repealed","url":"\/50-73.125\/","token":"50\/2.2\/9\/50-73.125","metadata":false},{"id":56168,"structure_id":13427,"section_number":"50-73.126","catch_line":"Conversion of limited partnership to partnership","url":"\/50-73.126\/","token":"50\/2.2\/9\/50-73.126","metadata":false},{"id":54394,"structure_id":13427,"section_number":"50-73.127","catch_line":"Effect of conversion; entity unchanged","url":"\/50-73.127\/","token":"50\/2.2\/9\/50-73.127","metadata":false},{"id":77620,"structure_id":13427,"section_number":"50-73.128","catch_line":"Merger of partnerships","url":"\/50-73.128\/","token":"50\/2.2\/9\/50-73.128","metadata":false},{"id":74044,"structure_id":13427,"section_number":"50-73.129","catch_line":"Effect of merger","url":"\/50-73.129\/","token":"50\/2.2\/9\/50-73.129","metadata":false},{"id":80490,"structure_id":13427,"section_number":"50-73.130","catch_line":"Repealed","url":"\/50-73.130\/","token":"50\/2.2\/9\/50-73.130","metadata":false},{"id":66295,"structure_id":13427,"section_number":"50-73.131","catch_line":"Statement of merger","url":"\/50-73.131\/","token":"50\/2.2\/9\/50-73.131","metadata":false}],"previous_section":{"id":56168,"structure_id":13427,"section_number":"50-73.126","catch_line":"Conversion of limited partnership to partnership","url":"\/50-73.126\/","token":"50\/2.2\/9\/50-73.126","metadata":false},"next_section":{"id":77620,"structure_id":13427,"section_number":"50-73.128","catch_line":"Merger of partnerships","url":"\/50-73.128\/","token":"50\/2.2\/9\/50-73.128","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.127\/","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. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2007, chapter 631<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":234933,"object_type":"law","relational_id":54394,"identifier":"50-73.127","token":"50\/2.2\/9\/50-73.127","url":"\/50-73.127\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.127\/","token":"50\/2.2\/9\/50-73.127","dublin_core":{"Title":"Effect of conversion; entity unchanged","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.127","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A limited partnership<\/span> that has been converted pursuant to this article is for all purposes the same entity that existed before the conversion. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> When a conversion takes effect: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> All property<\/span> owned by the converting limited partnership<\/span> remains vested in the resulting partnership; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> All obligations of the converting limited partnership<\/span> continue as obligations of the resulting partnership; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> An action or proceeding pending against the converting limited partnership<\/span> may be continued as if the conversion had not occurred. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEFFECT OF CONVERSION; ENTITY UNCHANGED (\u00a7 50-73.127)\n\nA. A limited partnership that has been converted pursuant to this article is for\nall purposes the same entity that existed before the conversion.\n\nB. When a conversion takes effect:\n\n 1. All property owned by the converting limited partnership remains vested in\n the resulting partnership;\n\n 2. All obligations of the converting limited partnership continue as\n obligations of the resulting partnership; and\n\n 3. An action or proceeding pending against the converting limited partnership\n may be continued as if the conversion had not occurred.\n\nHISTORY: 1996, c. 292; 2007, c. 631.","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}}