{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.62.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.62.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.62.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.62.html"}],"law_id":54578,"edition_id":1,"section_id":54578,"structure_id":13609,"section_number":"50-73.62","catch_line":"Right of action","history":"1985, c. 607.","full_text":"A limited partner may bring an action in the right of a limited partnership to recover a judgment in its favor to the same extent that a stockholder may bring an action for a derivative suit under the Stock Corporation Act, Chapter 9 (\u00a7 13.1-601 et seq.) of Title 13.1. Such action may be brought if general partners with authority to do so have refused to bring the action or if an effort to cause those general partners to bring the action is not likely to succeed. The derivative action may not be maintained if it appears that the plaintiff does not fairly and adequately represent the interests of the limited partners and the partnership in enforcing the right of the partnership.","order_by":null,"text":{"0":{"id":200413,"text":"A limited partner may bring an action in the right of a limited partnership to recover a judgment in its favor to the same extent that a stockholder may bring an action for a derivative suit under the Stock Corporation Act, Chapter 9 (\u00a7 13.1-601 et seq.) of Title 13.1. Such action may be brought if general partners with authority to do so have refused to bring the action or if an effort to cause those general partners to bring the action is not likely to succeed. The derivative action may not be maintained if it appears that the plaintiff does not fairly and adequately represent the interests of the limited partners and the partnership in enforcing the right of the partnership.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13609,"edition_id":1,"name":"Derivative Actions","identifier":"10","label":"article","depth":3,"order_by":1,"parent_id":13364,"metadata":{},"date_created":"2026-06-26 03:45:22","date_modified":"2026-06-26 03:45:22","permalink":{"id":234291,"object_type":"structure","relational_id":13609,"identifier":"10","token":"50\/2.1\/10","url":"\/50\/2.1\/10\/","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":54578,"structure_id":13609,"section_number":"50-73.62","catch_line":"Right of action","url":"\/50-73.62\/","token":"50\/2.1\/10\/50-73.62","metadata":false},{"id":76881,"structure_id":13609,"section_number":"50-73.63","catch_line":"Proper plaintiff","url":"\/50-73.63\/","token":"50\/2.1\/10\/50-73.63","metadata":false},{"id":79298,"structure_id":13609,"section_number":"50-73.64","catch_line":"Pleading","url":"\/50-73.64\/","token":"50\/2.1\/10\/50-73.64","metadata":false},{"id":77088,"structure_id":13609,"section_number":"50-73.65","catch_line":"Expenses","url":"\/50-73.65\/","token":"50\/2.1\/10\/50-73.65","metadata":false}],"next_section":{"id":76881,"structure_id":13609,"section_number":"50-73.63","catch_line":"Proper plaintiff","url":"\/50-73.63\/","token":"50\/2.1\/10\/50-73.63","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.62\/","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.<\/p>","references":false,"refers_to":[{"id":62759,"section_number":"13.1-601","catch_line":"Short title","order_by":null,"url":"\/13.1-601\/"}],"permalink":{"id":234293,"object_type":"law","relational_id":54578,"identifier":"50-73.62","token":"50\/2.1\/10\/50-73.62","url":"\/50-73.62\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.62\/","token":"50\/2.1\/10\/50-73.62","dublin_core":{"Title":"Right of action","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.62","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A limited partner<\/span> may bring an action in the right of a limited partnership<\/span> to recover a judgment<\/span> in its favor to the same extent that a stockholder may bring an action for a derivative suit under the Stock Corporation Act, Chapter 9 (\u00a7 13.1-601<\/a> et seq.) of Title 13.1. Such action may be brought if general partners<\/span> with authority to do so have refused to bring the action or if an effort to cause those general partners<\/span> to bring the action is not likely to succeed. The derivative action may not be maintained if it appears that the plaintiff<\/span> does not fairly and adequately represent the interests of the limited partners<\/span> and the partnership in enforcing the right of the partnership.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nRIGHT OF ACTION (\u00a7 50-73.62)\n\nA limited partner may bring an action in the right of a limited partnership to\nrecover a judgment in its favor to the same extent that a stockholder may bring\nan action for a derivative suit under the Stock Corporation Act, Chapter 9 (\u00a7\n13.1-601 et seq.) of Title 13.1. Such action may be brought if general partners\nwith authority to do so have refused to bring the action or if an effort to\ncause those general partners to bring the action is not likely to succeed. The\nderivative action may not be maintained if it appears that the plaintiff does\nnot fairly and adequately represent the interests of the limited partners and\nthe partnership in enforcing the right of the partnership.\n\nHISTORY: 1985, c. 607.","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}}