{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.43.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.43.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.43.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.43.html"}],"law_id":78147,"edition_id":1,"section_id":78147,"structure_id":14983,"section_number":"50-73.43","catch_line":"Liability upon return of contribution","history":"1985, c. 607; 1987, c. 702.","full_text":"A\n\nIf a partner has received the return of any part of his contribution without violation of the partnership agreement or this chapter, he is liable to the limited partnership for a period of one year thereafter for the amount of the returned contribution, but only to the extent necessary to discharge the limited partnership’s liabilities to creditors who extended credit to the limited partnership during the period the contribution was held by the partnership.B\n\nIf a partner has received the return of any part of his contribution in violation of the partnership agreement or this chapter, he is liable to the limited partnership for a period of six years thereafter for the amount of the contribution wrongfully returned.C\n\nA partner receives a return of his contribution to the extent that a distribution to him reduces his share of the fair value of the net assets of the limited partnership below the value, as set forth in the partnership records to be kept pursuant to § 50-73.8, of his contribution which has not been distributed to him.","order_by":null,"text":{"0":{"id":280157,"text":"If a partner has received the return of any part of his contribution without violation of the partnership agreement or this chapter, he is liable to the limited partnership for a period of one year thereafter for the amount of the returned contribution, but only to the extent necessary to discharge the limited partnership’s liabilities to creditors who extended credit to the limited partnership during the period the contribution was held by the partnership.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":280158,"text":"If a partner has received the return of any part of his contribution in violation of the partnership agreement or this chapter, he is liable to the limited partnership for a period of six years thereafter for the amount of the contribution wrongfully returned.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":280159,"text":"A partner receives a return of his contribution to the extent that a distribution to him reduces his share of the fair value of the net assets of the limited partnership below the value, as set forth in the partnership records to be kept pursuant to § 50-73.8, of his contribution which has not been distributed to him.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14983,"edition_id":1,"name":"Distributions and Withdrawal","identifier":"6","label":"article","depth":3,"order_by":1,"parent_id":13364,"metadata":{},"date_created":"2026-06-26 03:51:18","date_modified":"2026-06-26 03:51:18","permalink":{"id":234497,"object_type":"structure","relational_id":14983,"identifier":"6","token":"50\/2.1\/6","url":"\/50\/2.1\/6\/","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":65326,"structure_id":14983,"section_number":"50-73.36","catch_line":"Interim distributions","url":"\/50-73.36\/","token":"50\/2.1\/6\/50-73.36","metadata":false},{"id":68823,"structure_id":14983,"section_number":"50-73.37","catch_line":"Withdrawal of general partner","url":"\/50-73.37\/","token":"50\/2.1\/6\/50-73.37","metadata":false},{"id":57168,"structure_id":14983,"section_number":"50-73.38","catch_line":"Withdrawal of limited partner","url":"\/50-73.38\/","token":"50\/2.1\/6\/50-73.38","metadata":false},{"id":78156,"structure_id":14983,"section_number":"50-73.39","catch_line":"Repealed","url":"\/50-73.39\/","token":"50\/2.1\/6\/50-73.39","metadata":false},{"id":68362,"structure_id":14983,"section_number":"50-73.39:1","catch_line":"No right to distribution upon withdrawal","url":"\/50-73.39_1\/","token":"50\/2.1\/6\/50-73.39_1","metadata":false},{"id":68308,"structure_id":14983,"section_number":"50-73.40","catch_line":"Distribution in kind","url":"\/50-73.40\/","token":"50\/2.1\/6\/50-73.40","metadata":false},{"id":83754,"structure_id":14983,"section_number":"50-73.41","catch_line":"Right to distribution","url":"\/50-73.41\/","token":"50\/2.1\/6\/50-73.41","metadata":false},{"id":65769,"structure_id":14983,"section_number":"50-73.42","catch_line":"Limitations on distribution","url":"\/50-73.42\/","token":"50\/2.1\/6\/50-73.42","metadata":false},{"id":78147,"structure_id":14983,"section_number":"50-73.43","catch_line":"Liability upon return of contribution","url":"\/50-73.43\/","token":"50\/2.1\/6\/50-73.43","metadata":false}],"previous_section":{"id":65769,"structure_id":14983,"section_number":"50-73.42","catch_line":"Limitations on distribution","url":"\/50-73.42\/","token":"50\/2.1\/6\/50-73.42","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.43\/","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":234531,"object_type":"law","relational_id":78147,"identifier":"50-73.43","token":"50\/2.1\/6\/50-73.43","url":"\/50-73.43\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.43\/","token":"50\/2.1\/6\/50-73.43","dublin_core":{"Title":"Liability upon return of contribution","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.43","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> If a partner<\/span> has received the return of any part of his contribution<\/span> without violation of the partnership agreement<\/span> or this chapter, he is liable to the limited partnership<\/span> for a period of one year thereafter for the amount of the returned contribution<\/span>, but only to the extent necessary to discharge the limited partnership<\/span>’s liabilities to creditors<\/span> who extended credit to the limited partnership<\/span> during the period the contribution<\/span> was held by the partnership. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> If a partner<\/span> has received the return of any part of his contribution<\/span> in violation of the partnership agreement<\/span> or this chapter, he is liable to the limited partnership<\/span> for a period of six years thereafter for the amount of the contribution<\/span> wrongfully returned. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> A partner<\/span> receives a return of his contribution<\/span> to the extent that a distribution to him reduces his share of the fair value of the net assets<\/span> of the limited partnership<\/span> below the value, as set forth in the partnership records to be kept pursuant to § 50-73.8<\/a>, of his contribution<\/span> which has not been distributed to him. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLIABILITY UPON RETURN OF CONTRIBUTION (\u00a7 50-73.43)\n\nA. If a partner has received the return of any part of his contribution without\nviolation of the partnership agreement or this chapter, he is liable to the\nlimited partnership for a period of one year thereafter for the amount of the\nreturned contribution, but only to the extent necessary to discharge the limited\npartnership’s liabilities to creditors who extended credit to the limited\npartnership during the period the contribution was held by the partnership.\n\nB. If a partner has received the return of any part of his contribution in\nviolation of the partnership agreement or this chapter, he is liable to the\nlimited partnership for a period of six years thereafter for the amount of the\ncontribution wrongfully returned.\n\nC. A partner receives a return of his contribution to the extent that a\ndistribution to him reduces his share of the fair value of the net assets of the\nlimited partnership below the value, as set forth in the partnership records to\nbe kept pursuant to § 50-73.8, of his contribution which has not been\ndistributed to him.\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}}