{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.48_4.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.48_4.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.48_4.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.48_4.html"}],"law_id":72561,"edition_id":1,"section_id":72561,"structure_id":16609,"section_number":"50-73.48:4","catch_line":"Effect of merger","history":"1992, c. 575; 1997, c. 190; 2003, c. 340.","full_text":"When a merger takes effect:\n\n1\n\nThe separate existence of every domestic limited partnership that is a party to the merger except the surviving domestic limited partnership, if any, ceases;2\n\nThe title to all real estate and other property owned by each domestic limited partnership party to the merger is vested in the surviving domestic or foreign partnership, limited partnership, limited liability company, business trust or corporation without reversion or impairment;3\n\nThe surviving domestic or foreign partnership, limited partnership, limited liability company, business trust or corporation has all liabilities of each domestic limited partnership party to the merger;4\n\nA proceeding pending by or against any domestic limited partnership party to the merger may be continued as if the merger had not occurred, or the surviving domestic or foreign partnership, limited partnership, limited liability company, business trust or corporation may be substituted in the proceeding for the domestic limited partnership whose existence ceased;5\n\nIf a domestic limited partnership is the surviving entity of the merger, the certificate of limited partnership and partnership agreement of that limited partnership is amended to the extent provided in the plan of merger; and6\n\nThe former holders of partnership interests of every domestic limited partnership party to the merger are entitled only to the rights provided in the plan of merger.","order_by":null,"text":{"0":{"id":261269,"text":"When a merger takes effect:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":261270,"text":"The separate existence of every domestic limited partnership that is a party to the merger except the surviving domestic limited partnership, if any, ceases;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":261271,"text":"The title to all real estate and other property owned by each domestic limited partnership party to the merger is vested in the surviving domestic or foreign partnership, limited partnership, limited liability company, business trust or corporation without reversion or impairment;","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":261272,"text":"The surviving domestic or foreign partnership, limited partnership, limited liability company, business trust or corporation has all liabilities of each domestic limited partnership party to the merger;","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":261273,"text":"A proceeding pending by or against any domestic limited partnership party to the merger may be continued as if the merger had not occurred, or the surviving domestic or foreign partnership, limited partnership, limited liability company, business trust or corporation may be substituted in the proceeding for the domestic limited partnership whose existence ceased;","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"5":{"id":261274,"text":"If a domestic limited partnership is the surviving entity of the merger, the certificate of limited partnership and partnership agreement of that limited partnership is amended to the extent provided in the plan of merger; and","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4","next_prefix":"6"},"6":{"id":261275,"text":"The former holders of partnership interests of every domestic limited partnership party to the merger are entitled only to the rights provided in the plan of merger.","type":"section","prefixes":["6"],"prefix":"6","entire_prefix":"6","prefix_anchor":"6","level":1,"prior_prefix":"5"}},"ancestry":[{"id":16609,"edition_id":1,"name":"Merger","identifier":"7.1","label":"article","depth":3,"order_by":1,"parent_id":13364,"metadata":{},"date_created":"2026-06-26 04:27:18","date_modified":"2026-06-26 04:27:18","permalink":{"id":234561,"object_type":"structure","relational_id":16609,"identifier":"7.1","token":"50\/2.1\/7.1","url":"\/50\/2.1\/7.1\/","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":83653,"structure_id":16609,"section_number":"50-73.48:1","catch_line":"Merger","url":"\/50-73.48_1\/","token":"50\/2.1\/7.1\/50-73.48_1","metadata":false},{"id":77791,"structure_id":16609,"section_number":"50-73.48:2","catch_line":"Approval of merger by domestic limited partnership","url":"\/50-73.48_2\/","token":"50\/2.1\/7.1\/50-73.48_2","metadata":false},{"id":84928,"structure_id":16609,"section_number":"50-73.48:3","catch_line":"Articles of merger","url":"\/50-73.48_3\/","token":"50\/2.1\/7.1\/50-73.48_3","metadata":false},{"id":72561,"structure_id":16609,"section_number":"50-73.48:4","catch_line":"Effect of merger","url":"\/50-73.48_4\/","token":"50\/2.1\/7.1\/50-73.48_4","metadata":false},{"id":79005,"structure_id":16609,"section_number":"50-73.48:5","catch_line":"Abandonment of merger","url":"\/50-73.48_5\/","token":"50\/2.1\/7.1\/50-73.48_5","metadata":false}],"previous_section":{"id":84928,"structure_id":16609,"section_number":"50-73.48:3","catch_line":"Articles of merger","url":"\/50-73.48_3\/","token":"50\/2.1\/7.1\/50-73.48_3","metadata":false},"next_section":{"id":79005,"structure_id":16609,"section_number":"50-73.48:5","catch_line":"Abandonment of merger","url":"\/50-73.48_5\/","token":"50\/2.1\/7.1\/50-73.48_5","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.48:4\/","history_text":"

This law was first created in 1992. The record of its establishment is cataloged in chapter 575 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 1992 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. 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. Those modifications are as follows: in 1997, chapter 190<\/a>; in 2003, chapter 340<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":234575,"object_type":"law","relational_id":72561,"identifier":"50-73.48:4","token":"50\/2.1\/7.1\/50-73.48_4","url":"\/50-73.48_4\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.48_4\/","token":"50\/2.1\/7.1\/50-73.48_4","dublin_core":{"Title":"Effect of merger","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.48:4","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

When a merger takes effect:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The separate existence of every domestic limited partnership<\/span> that is a party<\/span> to the merger except the surviving domestic limited partnership<\/span>, if any, ceases; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The title to all real estate and other property owned by each domestic limited partnership<\/span> party<\/span> to the merger is vested in the surviving domestic or foreign partnership<\/span>, limited partnership, limited liability company, business trust or corporation without reversion or impairment; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The surviving domestic or foreign partnership<\/span>, limited partnership, limited liability company, business trust or corporation has all liabilities of each domestic limited partnership<\/span> party<\/span> to the merger; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> A proceeding pending by or against any domestic limited partnership<\/span> party<\/span> to the merger may be continued as if the merger had not occurred, or the surviving domestic or foreign partnership<\/span>, limited partnership, limited liability company, business trust or corporation may be substituted in the proceeding for the domestic limited partnership<\/span> whose existence ceased; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> If a domestic limited partnership<\/span> is the surviving entity<\/span> of the merger, the certificate of limited partnership<\/span> and partnership agreement<\/span> of that limited partnership is amended to the extent provided in the plan of merger; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> The former holders of partnership interests<\/span> of every domestic limited partnership<\/span> party<\/span> to the merger are entitled only to the rights provided in the plan of merger. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEFFECT OF MERGER (\u00a7 50-73.48:4)\n\nWhen a merger takes effect:\n\n1. The separate existence of every domestic limited partnership that is a party\nto the merger except the surviving domestic limited partnership, if any, ceases;\n\n2. The title to all real estate and other property owned by each domestic\nlimited partnership party to the merger is vested in the surviving domestic or\nforeign partnership, limited partnership, limited liability company, business\ntrust or corporation without reversion or impairment;\n\n3. The surviving domestic or foreign partnership, limited partnership, limited\nliability company, business trust or corporation has all liabilities of each\ndomestic limited partnership party to the merger;\n\n4. A proceeding pending by or against any domestic limited partnership party to\nthe merger may be continued as if the merger had not occurred, or the surviving\ndomestic or foreign partnership, limited partnership, limited liability company,\nbusiness trust or corporation may be substituted in the proceeding for the\ndomestic limited partnership whose existence ceased;\n\n5. If a domestic limited partnership is the surviving entity of the merger, the\ncertificate of limited partnership and partnership agreement of that limited\npartnership is amended to the extent provided in the plan of merger; and\n\n6. The former holders of partnership interests of every domestic limited\npartnership party to the merger are entitled only to the rights provided in the\nplan of merger.\n\nHISTORY: 1992, c. 575; 1997, c. 190; 2003, c. 340.","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}}