{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.22_1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.22_1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.22_1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.22_1.html"}],"law_id":65300,"edition_id":1,"section_id":65300,"structure_id":16118,"section_number":"50-73.22:1","catch_line":"Admission of limited partners","history":"1987, c. 702.","full_text":"A\n\nA person becomes a limited partner on the later of:1\n\nThe date the original certificate of limited partnership is filed; or2\n\nThe date stated in the records of the limited partnership as the date that person becomes a limited partner.B\n\nAfter the filing of a limited partnership’s initial certificate of limited partnership, a person may be admitted as an additional limited partner:1\n\nIn the case of a person acquiring a partnership interest directly from the limited partnership, upon compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners; and2\n\nIn the case of an assignee of a partnership interest of a partner who has the power, as provided in § 50-73.47, to grant the assignee the right to become a limited partner, upon the exercise of that power and compliance with any conditions limiting the grant or exercise of the power.","order_by":null,"text":{"0":{"id":237470,"text":"A person becomes a limited partner on the later of:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":237471,"text":"The date the original certificate of limited partnership is filed; or","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":237472,"text":"The date stated in the records of the limited partnership as the date that person becomes a limited partner.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"B"},"3":{"id":237473,"text":"After the filing of a limited partnership’s initial certificate of limited partnership, a person may be admitted as an additional limited partner:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2","next_prefix":"B1"},"4":{"id":237474,"text":"In the case of a person acquiring a partnership interest directly from the limited partnership, upon compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners; and","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"5":{"id":237475,"text":"In the case of an assignee of a partnership interest of a partner who has the power, as provided in § 50-73.47, to grant the assignee the right to become a limited partner, upon the exercise of that power and compliance with any conditions limiting the grant or exercise of the power.","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1"}},"ancestry":[{"id":16118,"edition_id":1,"name":"Limited Partners","identifier":"3","label":"article","depth":3,"order_by":1,"parent_id":13364,"metadata":{},"date_created":"2026-06-26 04:06:26","date_modified":"2026-06-26 04:06:26","permalink":{"id":234431,"object_type":"structure","relational_id":16118,"identifier":"3","token":"50\/2.1\/3","url":"\/50\/2.1\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13364,"edition_id":1,"name":"Virginia Revised Uniform Limited Partnership Act","identifier":"2.1","label":"chapter","depth":2,"order_by":1,"parent_id":12957,"metadata":{},"date_created":"2026-06-26 03:44:43","date_modified":"2026-06-26 03:44:43","permalink":{"id":234243,"object_type":"structure","relational_id":13364,"identifier":"2.1","token":"50\/2.1","url":"\/50\/2.1\/","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":63702,"structure_id":16118,"section_number":"50-73.22","catch_line":"Repealed","url":"\/50-73.22\/","token":"50\/2.1\/3\/50-73.22","metadata":false},{"id":65300,"structure_id":16118,"section_number":"50-73.22:1","catch_line":"Admission of limited partners","url":"\/50-73.22_1\/","token":"50\/2.1\/3\/50-73.22_1","metadata":false},{"id":69716,"structure_id":16118,"section_number":"50-73.23","catch_line":"Voting","url":"\/50-73.23\/","token":"50\/2.1\/3\/50-73.23","metadata":false},{"id":65518,"structure_id":16118,"section_number":"50-73.24","catch_line":"Liability to third parties","url":"\/50-73.24\/","token":"50\/2.1\/3\/50-73.24","metadata":false},{"id":76892,"structure_id":16118,"section_number":"50-73.25","catch_line":"Person erroneously believing himself limited partner","url":"\/50-73.25\/","token":"50\/2.1\/3\/50-73.25","metadata":false},{"id":67577,"structure_id":16118,"section_number":"50-73.26","catch_line":"Information","url":"\/50-73.26\/","token":"50\/2.1\/3\/50-73.26","metadata":false}],"previous_section":{"id":63702,"structure_id":16118,"section_number":"50-73.22","catch_line":"Repealed","url":"\/50-73.22\/","token":"50\/2.1\/3\/50-73.22","metadata":false},"next_section":{"id":69716,"structure_id":16118,"section_number":"50-73.23","catch_line":"Voting","url":"\/50-73.23\/","token":"50\/2.1\/3\/50-73.23","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.22:1\/","history_text":"

This law was first created in 1987. The record of its establishment is cataloged in chapter 702 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. Unfortunately, the 1987 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":[{"id":57187,"section_number":"50-73.47","catch_line":"Right of assignee to become limited partner","order_by":null,"url":"\/50-73.47\/"}],"permalink":{"id":234437,"object_type":"law","relational_id":65300,"identifier":"50-73.22:1","token":"50\/2.1\/3\/50-73.22_1","url":"\/50-73.22_1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.22_1\/","token":"50\/2.1\/3\/50-73.22_1","dublin_core":{"Title":"Admission of limited partners","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.22:1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A person<\/span> becomes a limited partner<\/span> on the later of: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The date the original certificate of limited partnership<\/span> is filed; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The date stated in the records of the limited partnership as the date that person<\/span> becomes a limited partner<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> After the filing of a limited partnership’s initial certificate of limited partnership<\/span>, a person<\/span> may be admitted as an additional limited partner<\/span>: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> In the case of a person<\/span> acquiring a partnership interest<\/span> directly from the limited partnership, upon compliance with the partnership agreement<\/span> or, if the partnership agreement<\/span> does not so provide, upon the written consent of all partners<\/span>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> In the case of an assignee of a partnership interest<\/span> of a partner who has the power, as provided in § 50-73.47<\/a>, to grant the assignee the right to become a limited partner<\/span>, upon the exercise of that power and compliance with any conditions limiting the grant or exercise of the power. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nADMISSION OF LIMITED PARTNERS (\u00a7 50-73.22:1)\n\nA. A person becomes a limited partner on the later of:\n\n 1. The date the original certificate of limited partnership is filed; or\n\n 2. The date stated in the records of the limited partnership as the date that\n person becomes a limited partner.\n\nB. After the filing of a limited partnership’s initial certificate of\nlimited partnership, a person may be admitted as an additional limited partner:\n\n 1. In the case of a person acquiring a partnership interest directly from the\n limited partnership, upon compliance with the partnership agreement or, if the\n partnership agreement does not so provide, upon the written consent of all\n partners; and\n\n 2. In the case of an assignee of a partnership interest of a partner who has\n the power, as provided in § 50-73.47, to grant the assignee the right to\n become a limited partner, upon the exercise of that power and compliance with\n any conditions limiting the grant or exercise of the power.\n\nHISTORY: 1987, c. 702.","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}}