{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.35.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.35.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.35.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.35.html"}],"law_id":71927,"edition_id":1,"section_id":71927,"structure_id":16057,"section_number":"50-73.35","catch_line":"Sharing of distributions","history":"1985, c. 607; 1987, c. 702.","full_text":"Distributions of cash or other assets of a limited partnership shall be allocated among the partners, and among classes of partners, in the manner provided in writing in the partnership agreement. If the partnership agreement does not so provide in writing, distributions shall be made on the basis of the value, as stated in the partnership records required to be kept pursuant to \u00a7 50-73.8, of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.","order_by":null,"text":{"0":{"id":259127,"text":"Distributions of cash or other assets of a limited partnership shall be allocated among the partners, and among classes of partners, in the manner provided in writing in the partnership agreement. If the partnership agreement does not so provide in writing, distributions shall be made on the basis of the value, as stated in the partnership records required to be kept pursuant to \u00a7 50-73.8, of the contributions made by each partner to the extent they have been received by the partnership and have not been returned.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"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":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\/50-73.35\/","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":false,"refers_to":[{"id":86051,"section_number":"50-73.8","catch_line":"Records to be kept","order_by":null,"url":"\/50-73.8\/"}],"permalink":{"id":234493,"object_type":"law","relational_id":71927,"identifier":"50-73.35","token":"50\/2.1\/5\/50-73.35","url":"\/50-73.35\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.35\/","token":"50\/2.1\/5\/50-73.35","dublin_core":{"Title":"Sharing of distributions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.35","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Distributions of cash or other assets<\/span> of a limited partnership<\/span> shall be allocated among the partners<\/span>, and among classes of partners<\/span>, in the manner provided in writing in the partnership agreement<\/span>. If the partnership agreement<\/span> does not so provide in writing, distributions shall be made on the basis of the value, as stated in the partnership records required to be kept pursuant to \u00a7 50-73.8<\/a>, of the contributions<\/span> made by each partner<\/span> to the extent they have been received by the partnership and have not been returned.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSHARING OF DISTRIBUTIONS (\u00a7 50-73.35)\n\nDistributions of cash or other assets of a limited partnership shall be\nallocated among the partners, and among classes of partners, in the manner\nprovided in writing in the partnership agreement. If the partnership agreement\ndoes not so provide in writing, distributions shall be made on the basis of the\nvalue, as stated in the partnership records required to be kept pursuant to \u00a7\n50-73.8, of the contributions made by each partner to the extent they have been\nreceived by the partnership and have not been returned.\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}}