{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.52_6.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.52_6.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.52_6.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.52_6.html"}],"law_id":56868,"edition_id":1,"section_id":56868,"structure_id":13848,"section_number":"50-73.52:6","catch_line":"Involuntary cancellation of limited partnership existence","history":"2008, c. 586; 2009, c. 167.","full_text":"A\n\nThe existence of a limited partnership may be canceled involuntarily by order of the Commission when it finds that the limited partnership has:1\n\nContinued to exceed or abuse the authority conferred on it by law;2\n\nFailed to maintain a registered office or a registered agent in the Commonwealth as required by law;3\n\nFailed to file any document required by this chapter to be filed with the Commission; or4\n\nBeen convicted for a violation of 8 U.S.C. § 1324a (f), as amended, for actions of its partners constituting a pattern or practice of employing unauthorized aliens in the Commonwealth.B\n\nBefore entering any such order, the Commission shall issue a rule against the limited partnership giving it an opportunity to be heard and show cause why such an order should not be entered. The Commission may issue the rule on its own motion or on motion of the Attorney General.C\n\nThe properties and affairs of a limited partnership whose existence has been canceled pursuant to this section shall pass automatically to its general partners as trustees in liquidation. The trustees shall then proceed to (i) collect the assets of the limited partnership; (ii) sell, convey, and dispose of such of its properties as are not to be distributed in kind to its partners; (iii) pay, satisfy, and discharge its liabilities and obligations; and (iv) do all other acts required to liquidate its business and affairs. After paying or adequately providing for the payment of all its obligations, the trustees shall distribute the remainder of its assets, either in cash or in kind, among its partners according to their respective rights and interests.D\n\nAny limited partnership convicted of the offense listed in subdivision A 4 shall immediately report such conviction to the Commission and file with the Commission an authenticated copy of the judgment or record of conviction. A limited partnership whose existence is canceled pursuant to subdivision A 4 shall not be eligible for reinstatement for a period of not less than one year.","order_by":null,"text":{"0":{"id":208293,"text":"The existence of a limited partnership may be canceled involuntarily by order of the Commission when it finds that the limited partnership has:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":208294,"text":"Continued to exceed or abuse the authority conferred on it by law;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":208295,"text":"Failed to maintain a registered office or a registered agent in the Commonwealth as required by law;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":208296,"text":"Failed to file any document required by this chapter to be filed with the Commission; or","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":208297,"text":"Been convicted for a violation of 8 U.S.C. § 1324a (f), as amended, for actions of its partners constituting a pattern or practice of employing unauthorized aliens in the Commonwealth.","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"B"},"5":{"id":208298,"text":"Before entering any such order, the Commission shall issue a rule against the limited partnership giving it an opportunity to be heard and show cause why such an order should not be entered. The Commission may issue the rule on its own motion or on motion of the Attorney General.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A4","next_prefix":"C"},"6":{"id":208299,"text":"The properties and affairs of a limited partnership whose existence has been canceled pursuant to this section shall pass automatically to its general partners as trustees in liquidation. The trustees shall then proceed to (i) collect the assets of the limited partnership; (ii) sell, convey, and dispose of such of its properties as are not to be distributed in kind to its partners; (iii) pay, satisfy, and discharge its liabilities and obligations; and (iv) do all other acts required to liquidate its business and affairs. After paying or adequately providing for the payment of all its obligations, the trustees shall distribute the remainder of its assets, either in cash or in kind, among its partners according to their respective rights and interests.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"7":{"id":208300,"text":"Any limited partnership convicted of the offense listed in subdivision A 4 shall immediately report such conviction to the Commission and file with the Commission an authenticated copy of the judgment or record of conviction. A limited partnership whose existence is canceled pursuant to subdivision A 4 shall not be eligible for reinstatement for a period of not less than one year.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":13848,"edition_id":1,"name":"Dissolution","identifier":"8","label":"article","depth":3,"order_by":1,"parent_id":13364,"metadata":{},"date_created":"2026-06-26 03:46:04","date_modified":"2026-06-26 03:46:04","permalink":{"id":234583,"object_type":"structure","relational_id":13848,"identifier":"8","token":"50\/2.1\/8","url":"\/50\/2.1\/8\/","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":54868,"structure_id":13848,"section_number":"50-73.49","catch_line":"Dissolution generally","url":"\/50-73.49\/","token":"50\/2.1\/8\/50-73.49","metadata":false},{"id":68061,"structure_id":13848,"section_number":"50-73.50","catch_line":"Judicial dissolution","url":"\/50-73.50\/","token":"50\/2.1\/8\/50-73.50","metadata":false},{"id":75807,"structure_id":13848,"section_number":"50-73.51","catch_line":"Winding up","url":"\/50-73.51\/","token":"50\/2.1\/8\/50-73.51","metadata":false},{"id":76173,"structure_id":13848,"section_number":"50-73.52","catch_line":"Distribution of assets","url":"\/50-73.52\/","token":"50\/2.1\/8\/50-73.52","metadata":false},{"id":87133,"structure_id":13848,"section_number":"50-73.52:1","catch_line":"Known claims against dissolved limited partnership","url":"\/50-73.52_1\/","token":"50\/2.1\/8\/50-73.52_1","metadata":false},{"id":60611,"structure_id":13848,"section_number":"50-73.52:2","catch_line":"Other claims against dissolved limited partnership","url":"\/50-73.52_2\/","token":"50\/2.1\/8\/50-73.52_2","metadata":false},{"id":67316,"structure_id":13848,"section_number":"50-73.52:3","catch_line":"Court proceedings","url":"\/50-73.52_3\/","token":"50\/2.1\/8\/50-73.52_3","metadata":false},{"id":81501,"structure_id":13848,"section_number":"50-73.52:4","catch_line":"Certificate of cancellation","url":"\/50-73.52_4\/","token":"50\/2.1\/8\/50-73.52_4","metadata":false},{"id":81655,"structure_id":13848,"section_number":"50-73.52:5","catch_line":"Automatic cancellation of limited partnership existence","url":"\/50-73.52_5\/","token":"50\/2.1\/8\/50-73.52_5","metadata":false},{"id":56868,"structure_id":13848,"section_number":"50-73.52:6","catch_line":"Involuntary cancellation of limited partnership existence","url":"\/50-73.52_6\/","token":"50\/2.1\/8\/50-73.52_6","metadata":false},{"id":71264,"structure_id":13848,"section_number":"50-73.52:7","catch_line":"Reinstatement of a limited partnership that has ceased to exist","url":"\/50-73.52_7\/","token":"50\/2.1\/8\/50-73.52_7","metadata":false}],"previous_section":{"id":81655,"structure_id":13848,"section_number":"50-73.52:5","catch_line":"Automatic cancellation of limited partnership existence","url":"\/50-73.52_5\/","token":"50\/2.1\/8\/50-73.52_5","metadata":false},"next_section":{"id":71264,"structure_id":13848,"section_number":"50-73.52:7","catch_line":"Reinstatement of a limited partnership that has ceased to exist","url":"\/50-73.52_7\/","token":"50\/2.1\/8\/50-73.52_7","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.52:6\/","history_text":"

This law was first created in 2008. The record of its establishment is cataloged in chapter 586<\/a> 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. 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 2009, chapter 167<\/a>.<\/p>","references":[{"id":54868,"section_number":"50-73.49","catch_line":"Dissolution generally","order_by":null,"url":"\/50-73.49\/"},{"id":71264,"section_number":"50-73.52:7","catch_line":"Reinstatement of a limited partnership that has ceased to exist","order_by":null,"url":"\/50-73.52_7\/"}],"refers_to":false,"permalink":{"id":234621,"object_type":"law","relational_id":56868,"identifier":"50-73.52:6","token":"50\/2.1\/8\/50-73.52_6","url":"\/50-73.52_6\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.52_6\/","token":"50\/2.1\/8\/50-73.52_6","dublin_core":{"Title":"Involuntary cancellation of limited partnership existence","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.52:6","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The existence of a limited partnership<\/span> may be canceled involuntarily by order<\/span> of the Commission<\/span> when it finds that the limited partnership<\/span> has: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Continued to exceed or abuse the authority conferred on it by law<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Failed to maintain a registered office or a registered agent in the Commonwealth as required by law<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Failed to file any document required by this chapter to be filed with the Commission<\/span>; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Been convicted for a violation of 8 U.S.C. § 1324a (f), as amended, for actions of its partners<\/span> constituting a pattern or practice of employing unauthorized aliens in the Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Before entering any such order<\/span>, the Commission<\/span> shall issue<\/span> a rule against the limited partnership<\/span> giving it an opportunity to be heard and show cause why such an order<\/span> should not be entered. The Commission<\/span> may issue<\/span> the rule on its own motion<\/span> or on motion<\/span> of the Attorney General<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The properties and affairs of a limited partnership<\/span> whose existence has been canceled pursuant to this section shall pass automatically to its general partners<\/span> as trustees in liquidation<\/span>. The trustees shall then proceed to (i) collect the assets<\/span> of the limited partnership<\/span>; (ii) sell, convey, and dispose of such of its properties as are not to be distributed in kind to its partners; (iii) pay, satisfy, and discharge its liabilities and obligations; and (iv) do all other acts required to liquidate its business and affairs. After paying or adequately providing for the payment of all its obligations, the trustees shall distribute the remainder of its assets<\/span>, either in cash or in kind, among its partners according to their respective rights and interests. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> Any limited partnership<\/span> convicted of the offense<\/span> listed in subdivision A 4 shall immediately report such conviction<\/span> to the Commission<\/span> and file with the Commission<\/span> an authenticated copy of the judgment<\/span> or record of conviction<\/span>. A limited partnership<\/span> whose existence is canceled pursuant to subdivision A 4 shall not be eligible for reinstatement for a period of not less than one year. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nINVOLUNTARY CANCELLATION OF LIMITED PARTNERSHIP EXISTENCE (\u00a7 50-73.52:6)\n\nA. The existence of a limited partnership may be canceled involuntarily by order\nof the Commission when it finds that the limited partnership has:\n\n 1. Continued to exceed or abuse the authority conferred on it by law;\n\n 2. Failed to maintain a registered office or a registered agent in the\n Commonwealth as required by law;\n\n 3. Failed to file any document required by this chapter to be filed with the\n Commission; or\n\n 4. Been convicted for a violation of 8 U.S.C. § 1324a (f), as amended,\n for actions of its partners constituting a pattern or practice of employing\n unauthorized aliens in the Commonwealth.\n\nB. Before entering any such order, the Commission shall issue a rule against the\nlimited partnership giving it an opportunity to be heard and show cause why such\nan order should not be entered. The Commission may issue the rule on its own\nmotion or on motion of the Attorney General.\n\nC. The properties and affairs of a limited partnership whose existence has been\ncanceled pursuant to this section shall pass automatically to its general\npartners as trustees in liquidation. The trustees shall then proceed to (i)\ncollect the assets of the limited partnership; (ii) sell, convey, and dispose of\nsuch of its properties as are not to be distributed in kind to its partners;\n(iii) pay, satisfy, and discharge its liabilities and obligations; and (iv) do\nall other acts required to liquidate its business and affairs. After paying or\nadequately providing for the payment of all its obligations, the trustees shall\ndistribute the remainder of its assets, either in cash or in kind, among its\npartners according to their respective rights and interests.\n\nD. Any limited partnership convicted of the offense listed in subdivision A 4\nshall immediately report such conviction to the Commission and file with the\nCommission an authenticated copy of the judgment or record of conviction. A\nlimited partnership whose existence is canceled pursuant to subdivision A 4\nshall not be eligible for reinstatement for a period of not less than one year.\n\nHISTORY: 2008, c. 586; 2009, c. 167.","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}}