{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.33.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.33.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.33.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.33.html"}],"law_id":63061,"edition_id":1,"section_id":63061,"structure_id":16057,"section_number":"50-73.33","catch_line":"Liability for contribution","history":"1985, c. 607; 1987, c. 702.","full_text":"A\n\n1. A promise by a limited partner to contribute to the limited partnership is not enforceable unless set out in a writing signed by the limited partner or his duly authorized attorney-in-fact.2\n\nExcept as provided in the partnership agreement, a partner is obligated to the limited partnership to perform any enforceable promise to contribute cash or property or to perform services, even if he is unable to perform because of death, disability or any other reason. If a partner does not make the required contribution of property or services, he is obligated at the option of the limited partnership to contribute cash equal to that portion of the value, as stated in the partnership records required to be kept pursuant to § 50-73.8, of the stated contribution that has not been made.B\n\nUnless otherwise provided in the partnership agreement, the obligation of a partner to make a contribution or return money or other property paid or distributed in violation of this chapter may be compromised only by consent of all the partners. Notwithstanding the compromise, a creditor of a limited partnership who extends credit or otherwise acts in reliance on that obligation after the partner signs a writing that reflects the obligation and before the amendment or cancellation thereof to reflect the compromise, may enforce the original obligation.","order_by":null,"text":{"0":{"id":229990,"text":"1. A promise by a limited partner to contribute to the limited partnership is not enforceable unless set out in a writing signed by the limited partner or his duly authorized attorney-in-fact.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A2"},"1":{"id":229991,"text":"Except as provided in the partnership agreement, a partner is obligated to the limited partnership to perform any enforceable promise to contribute cash or property or to perform services, even if he is unable to perform because of death, disability or any other reason. If a partner does not make the required contribution of property or services, he is obligated at the option of the limited partnership to contribute cash equal to that portion of the value, as stated in the partnership records required to be kept pursuant to § 50-73.8, of the stated contribution that has not been made.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A","next_prefix":"B"},"2":{"id":229992,"text":"Unless otherwise provided in the partnership agreement, the obligation of a partner to make a contribution or return money or other property paid or distributed in violation of this chapter may be compromised only by consent of all the partners. Notwithstanding the compromise, a creditor of a limited partnership who extends credit or otherwise acts in reliance on that obligation after the partner signs a writing that reflects the obligation and before the amendment or cancellation thereof to reflect the compromise, may enforce the original obligation.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2"}},"ancestry":[{"id":16057,"edition_id":1,"name":"Finance","identifier":"5","label":"article","depth":3,"order_by":1,"parent_id":13364,"metadata":{},"date_created":"2026-06-26 04:04:50","date_modified":"2026-06-26 04:04:50","permalink":{"id":234479,"object_type":"structure","relational_id":16057,"identifier":"5","token":"50\/2.1\/5","url":"\/50\/2.1\/5\/","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":74625,"structure_id":16057,"section_number":"50-73.32","catch_line":"Form of contribution","url":"\/50-73.32\/","token":"50\/2.1\/5\/50-73.32","metadata":false},{"id":63061,"structure_id":16057,"section_number":"50-73.33","catch_line":"Liability for contribution","url":"\/50-73.33\/","token":"50\/2.1\/5\/50-73.33","metadata":false},{"id":77882,"structure_id":16057,"section_number":"50-73.34","catch_line":"Sharing of profits and losses","url":"\/50-73.34\/","token":"50\/2.1\/5\/50-73.34","metadata":false},{"id":71927,"structure_id":16057,"section_number":"50-73.35","catch_line":"Sharing of distributions","url":"\/50-73.35\/","token":"50\/2.1\/5\/50-73.35","metadata":false}],"previous_section":{"id":74625,"structure_id":16057,"section_number":"50-73.32","catch_line":"Form of contribution","url":"\/50-73.32\/","token":"50\/2.1\/5\/50-73.32","metadata":false},"next_section":{"id":77882,"structure_id":16057,"section_number":"50-73.34","catch_line":"Sharing of profits and losses","url":"\/50-73.34\/","token":"50\/2.1\/5\/50-73.34","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.33\/","history_text":"

This law was first created in 1985. The record of its establishment is cataloged in chapter 607 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 1985 \u201cActs\u201d aren\u2019t available online. 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 1987, chapter 702.<\/p>","references":[{"id":57187,"section_number":"50-73.47","catch_line":"Right of assignee to become limited partner","order_by":null,"url":"\/50-73.47\/"}],"refers_to":[{"id":86051,"section_number":"50-73.8","catch_line":"Records to be kept","order_by":null,"url":"\/50-73.8\/"}],"permalink":{"id":234485,"object_type":"law","relational_id":63061,"identifier":"50-73.33","token":"50\/2.1\/5\/50-73.33","url":"\/50-73.33\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.33\/","token":"50\/2.1\/5\/50-73.33","dublin_core":{"Title":"Liability for contribution","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.33","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> 1. A promise by a limited partner<\/span> to contribute to the limited partnership<\/span> is not enforceable unless set out in a writing signed by the limited partner<\/span> or his duly authorized attorney-in-fact<\/span><\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Except as provided in the partnership agreement<\/span>, a partner is obligated to the limited partnership<\/span> to perform any enforceable promise to contribute cash or property or to perform services, even if he is unable to perform because of death, disability or any other reason. If a partner does not make the required contribution<\/span> of property or services, he is obligated at the option of the limited partnership<\/span> to contribute cash equal to that portion of the value, as stated in the partnership records required to be kept pursuant to § 50-73.8<\/a>, of the stated contribution<\/span> that has not been made. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Unless otherwise provided in the partnership agreement<\/span>, the obligation of a partner to make a contribution<\/span> or return money or other property paid or distributed in violation of this chapter may be compromised only by consent of all the partners<\/span>. Notwithstanding the compromise, a creditor<\/span> of a limited partnership<\/span> who extends credit or otherwise acts in reliance on that obligation after the partner signs a writing that reflects the obligation and before the amendment or cancellation thereof to reflect the compromise, may enforce the original obligation. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLIABILITY FOR CONTRIBUTION (\u00a7 50-73.33)\n\nA. 1. A promise by a limited partner to contribute to the limited partnership is\nnot enforceable unless set out in a writing signed by the limited partner or his\nduly authorized attorney-in-fact.\n\n 2. Except as provided in the partnership agreement, a partner is obligated to\n the limited partnership to perform any enforceable promise to contribute cash\n or property or to perform services, even if he is unable to perform because of\n death, disability or any other reason. If a partner does not make the required\n contribution of property or services, he is obligated at the option of the\n limited partnership to contribute cash equal to that portion of the value, as\n stated in the partnership records required to be kept pursuant to §\n 50-73.8, of the stated contribution that has not been made.\n\nB. Unless otherwise provided in the partnership agreement, the obligation of a\npartner to make a contribution or return money or other property paid or\ndistributed in violation of this chapter may be compromised only by consent of\nall the partners. Notwithstanding the compromise, a creditor of a limited\npartnership who extends credit or otherwise acts in reliance on that obligation\nafter the partner signs a writing that reflects the obligation and before the\namendment or cancellation thereof to reflect the compromise, may enforce the\noriginal obligation.\n\nHISTORY: 1985, c. 607; 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}}