{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/50-73.79.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/50-73.79.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/50-73.79.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/50-73.79.html"}],"law_id":76467,"edition_id":1,"section_id":76467,"structure_id":12959,"section_number":"50-73.79","catch_line":"Definitions","history":"1996, c. 292; 2003, c. 567; 2006, c. 912; 2007, c. 631.","full_text":"In this chapter:\n\t\t“Business” includes every trade, occupation, and profession.\n\t\t“Commission” means the State Corporation Commission of Virginia.\n\t\t“Debtor in bankruptcy” means a person who is the subject of:\n\ni\n\nan order for relief under Title 11 of the United States Code or a comparable order under a successor statute of general application; orii\n\na comparable order under federal, state, or foreign law governing insolvency.\n\t\t\t\t“Distribution” means a transfer of money or other property from a partnership to a partner in the partner’s capacity as a partner or to the partner’s transferee.\n\t\t\t\t“Foreign registered limited liability partnership” means a limited liability partnership or registered limited liability partnership, or the functional equivalent thereof, formed pursuant to an agreement governed by the laws of any state or jurisdiction other than this Commonwealth and registered as a limited liability partnership under the laws of that state or jurisdiction.\n\t\t\t\t“Partnership” means an association of two or more persons to carry on as co-owners a business for profit formed under § 50-73.88, predecessor law, or comparable law of another jurisdiction, and includes, for all purposes of the laws of this Commonwealth, a registered limited liability partnership.\n\t\t\t\t“Partnership agreement” means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement.\n\t\t\t\t“Partnership at will” means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking.\n\t\t\t\t“Partnership interest” or “partner’s interest in the partnership” means all of a partner’s interests in the partnership, including the partner’s transferable interest and all management and other rights.\n\t\t\t\t“Person” means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, government, governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.\n\t\t\t\t“Principal office” means the office, in or out of the Commonwealth, where the chief executive offices of a domestic or foreign partnership or registered limited liability partnership are located.\n\t\t\t\t“Property” means all property, real, personal, or mixed, tangible or intangible, or any interest therein.\n\t\t\t\t“Registered limited liability partnership” means a partnership formed pursuant to an agreement governed by the laws of this Commonwealth and registered under § 50-73.132.\n\t\t\t\t“State” means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or insular possession subject to the jurisdiction of the United States.\n\t\t\t\t“Statement” means a statement of partnership authority under § 50-73.93, a statement of denial under § 50-73.94, a statement of dissociation under § 50-73.115, a statement of dissolution under § 50-73.121, a statement of merger under § 50-73.131, a statement of registration as a registered limited liability partnership under § 50-73.132, a statement of registration as a foreign registered limited liability partnership under § 50-73.138, an amendment or cancellation of any of the foregoing or a renewal of a statement of partnership authority.\n\t\t\t\t“Transfer” includes an assignment, conveyance, lease, mortgage, deed, and encumbrance.","order_by":null,"text":{"0":{"id":274493,"text":"In this chapter:\n\t\t“Business” includes every trade, occupation, and profession.\n\t\t“Commission” means the State Corporation Commission of Virginia.\n\t\t“Debtor in bankruptcy” means a person who is the subject of:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"i"},"1":{"id":274494,"text":"an order for relief under Title 11 of the United States Code or a comparable order under a successor statute of general application; or","type":"section","prefixes":["i"],"prefix":"i","entire_prefix":"i","prefix_anchor":"i","level":1,"prior_prefix":"","next_prefix":"iii"},"2":{"id":274495,"text":"a comparable order under federal, state, or foreign law governing insolvency.\n\t\t\t\t“Distribution” means a transfer of money or other property from a partnership to a partner in the partner’s capacity as a partner or to the partner’s transferee.\n\t\t\t\t“Foreign registered limited liability partnership” means a limited liability partnership or registered limited liability partnership, or the functional equivalent thereof, formed pursuant to an agreement governed by the laws of any state or jurisdiction other than this Commonwealth and registered as a limited liability partnership under the laws of that state or jurisdiction.\n\t\t\t\t“Partnership” means an association of two or more persons to carry on as co-owners a business for profit formed under § 50-73.88, predecessor law, or comparable law of another jurisdiction, and includes, for all purposes of the laws of this Commonwealth, a registered limited liability partnership.\n\t\t\t\t“Partnership agreement” means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement.\n\t\t\t\t“Partnership at will” means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking.\n\t\t\t\t“Partnership interest” or “partner’s interest in the partnership” means all of a partner’s interests in the partnership, including the partner’s transferable interest and all management and other rights.\n\t\t\t\t“Person” means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, government, governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.\n\t\t\t\t“Principal office” means the office, in or out of the Commonwealth, where the chief executive offices of a domestic or foreign partnership or registered limited liability partnership are located.\n\t\t\t\t“Property” means all property, real, personal, or mixed, tangible or intangible, or any interest therein.\n\t\t\t\t“Registered limited liability partnership” means a partnership formed pursuant to an agreement governed by the laws of this Commonwealth and registered under § 50-73.132.\n\t\t\t\t“State” means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or insular possession subject to the jurisdiction of the United States.\n\t\t\t\t“Statement” means a statement of partnership authority under § 50-73.93, a statement of denial under § 50-73.94, a statement of dissociation under § 50-73.115, a statement of dissolution under § 50-73.121, a statement of merger under § 50-73.131, a statement of registration as a registered limited liability partnership under § 50-73.132, a statement of registration as a foreign registered limited liability partnership under § 50-73.138, an amendment or cancellation of any of the foregoing or a renewal of a statement of partnership authority.\n\t\t\t\t“Transfer” includes an assignment, conveyance, lease, mortgage, deed, and encumbrance.","type":"section","prefixes":["i","ii"],"prefix":"ii","entire_prefix":"iii","prefix_anchor":"iii","level":2,"prior_prefix":"i"}},"ancestry":[{"id":12959,"edition_id":1,"name":"General Provisions","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":12958,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":234693,"object_type":"structure","relational_id":12959,"identifier":"1","token":"50\/2.2\/1","url":"\/50\/2.2\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12958,"edition_id":1,"name":"Virginia Uniform Partnership Act","identifier":"2.2","label":"chapter","depth":2,"order_by":1,"parent_id":12957,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":234691,"object_type":"structure","relational_id":12958,"identifier":"2.2","token":"50\/2.2","url":"\/50\/2.2\/","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":76467,"structure_id":12959,"section_number":"50-73.79","catch_line":"Definitions","url":"\/50-73.79\/","token":"50\/2.2\/1\/50-73.79","metadata":false},{"id":73483,"structure_id":12959,"section_number":"50-73.80","catch_line":"Knowledge and notice","url":"\/50-73.80\/","token":"50\/2.2\/1\/50-73.80","metadata":false},{"id":68353,"structure_id":12959,"section_number":"50-73.81","catch_line":"Effect of partnership agreement; nonwaivable provisions","url":"\/50-73.81\/","token":"50\/2.2\/1\/50-73.81","metadata":false},{"id":58076,"structure_id":12959,"section_number":"50-73.82","catch_line":"Supplemental principles of law","url":"\/50-73.82\/","token":"50\/2.2\/1\/50-73.82","metadata":false},{"id":54051,"structure_id":12959,"section_number":"50-73.83","catch_line":"Execution, filing, and recording of statements; effective time and date; refunds; penalty","url":"\/50-73.83\/","token":"50\/2.2\/1\/50-73.83","metadata":false},{"id":82870,"structure_id":12959,"section_number":"50-73.84","catch_line":"Law governing internal relations","url":"\/50-73.84\/","token":"50\/2.2\/1\/50-73.84","metadata":false},{"id":72050,"structure_id":12959,"section_number":"50-73.85","catch_line":"Transactions between partner and partnership","url":"\/50-73.85\/","token":"50\/2.2\/1\/50-73.85","metadata":false},{"id":69746,"structure_id":12959,"section_number":"50-73.86","catch_line":"Partnership subject to amendment or repeal of chapter","url":"\/50-73.86\/","token":"50\/2.2\/1\/50-73.86","metadata":false}],"next_section":{"id":73483,"structure_id":12959,"section_number":"50-73.80","catch_line":"Knowledge and notice","url":"\/50-73.80\/","token":"50\/2.2\/1\/50-73.80","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.79\/","history_text":"

This law was first created in 1996. The record of its establishment is cataloged in chapter 292<\/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 3 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 2003, chapter 567<\/a>; in 2006, chapter 912<\/a>; in 2007, chapter 631<\/a>.<\/p>","references":[{"id":87261,"section_number":"11-4.6","catch_line":"Required contract provisions in construction contracts","order_by":null,"url":"\/11-4.6\/"},{"id":65011,"section_number":"13.1-1002","catch_line":"Definitions","order_by":null,"url":"\/13.1-1002\/"},{"id":70285,"section_number":"13.1-1081","catch_line":"Definitions","order_by":null,"url":"\/13.1-1081\/"},{"id":70548,"section_number":"13.1-1082","catch_line":"Entity conversion","order_by":null,"url":"\/13.1-1082\/"},{"id":68199,"section_number":"13.1-1201","catch_line":"Definitions","order_by":null,"url":"\/13.1-1201\/"},{"id":55993,"section_number":"13.1-1272","catch_line":"Entity conversion","order_by":null,"url":"\/13.1-1272\/"},{"id":83518,"section_number":"13.1-603","catch_line":"Definitions","order_by":null,"url":"\/13.1-603\/"},{"id":60436,"section_number":"13.1-722.9","catch_line":"Conversion","order_by":null,"url":"\/13.1-722.9\/"},{"id":65210,"section_number":"13.1-803","catch_line":"Definitions","order_by":null,"url":"\/13.1-803\/"},{"id":80626,"section_number":"50-73.1","catch_line":"Definitions","order_by":null,"url":"\/50-73.1\/"},{"id":58052,"section_number":"50-73.75","catch_line":"Rules for cases not provided for in this chapter","order_by":null,"url":"\/50-73.75\/"},{"id":82439,"section_number":"50-73.78","catch_line":"Limited partnership as registered limited liability partnership","order_by":null,"url":"\/50-73.78\/"},{"id":69459,"section_number":"58.1-1021.04:1","catch_line":"Distributor's or remote retail seller's license; liquid nicotine and nicotine vapor products license; penalties","order_by":null,"url":"\/58.1-1021.04_1\/"},{"id":61556,"section_number":"64.2-802","catch_line":"Interest as general partner","order_by":null,"url":"\/64.2-802\/"}],"refers_to":[{"id":69228,"section_number":"50-73.115","catch_line":"Statement of dissociation","order_by":null,"url":"\/50-73.115\/"},{"id":61925,"section_number":"50-73.121","catch_line":"Statement of dissolution","order_by":null,"url":"\/50-73.121\/"},{"id":66295,"section_number":"50-73.131","catch_line":"Statement of merger","order_by":null,"url":"\/50-73.131\/"},{"id":56977,"section_number":"50-73.132","catch_line":"Registered limited liability partnerships","order_by":null,"url":"\/50-73.132\/"},{"id":63348,"section_number":"50-73.138","catch_line":"Registration of foreign registered limited liability partnerships","order_by":null,"url":"\/50-73.138\/"},{"id":75229,"section_number":"50-73.88","catch_line":"Formation of partnership","order_by":null,"url":"\/50-73.88\/"},{"id":59704,"section_number":"50-73.93","catch_line":"Statement of partnership authority","order_by":null,"url":"\/50-73.93\/"},{"id":75044,"section_number":"50-73.94","catch_line":"Statement of denial","order_by":null,"url":"\/50-73.94\/"}],"permalink":{"id":234695,"object_type":"law","relational_id":76467,"identifier":"50-73.79","token":"50\/2.2\/1\/50-73.79","url":"\/50-73.79\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/50-73.79\/","token":"50\/2.2\/1\/50-73.79","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.79","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

In this chapter:\n\t\t“Business<\/span>” includes every trade, occupation, and profession.\n\t\t“Commission<\/span>” means the State<\/span> Corporation Commission<\/span> of Virginia.\n\t\t“Debtor in bankruptcy<\/span>” means a person<\/span> who is the subject of:<\/p><\/section>\n\t\t\t\t\t\t

i.<\/span> an order<\/span> for relief under Title 11 of the United States<\/span> Code or a comparable order<\/span> under a successor statute<\/span> of general application; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

ii.<\/span> a comparable order<\/span> under federal, state<\/span>, or foreign law<\/span> governing insolvency.\n\t\t\t\t“Distribution<\/span>” means a transfer<\/span> of money or other property<\/span> from a partnership to a partner in the partner’s capacity as a partner or to the partner’s transferee.\n\t\t\t\t“Foreign registered limited liability partnership<\/span><\/span>” means a limited liability partnership or registered limited liability partnership<\/span>, or the functional equivalent thereof, formed pursuant to an agreement governed by the laws<\/span> of any state<\/span> or jurisdiction<\/span> other than this Commonwealth and registered as a limited liability partnership under the laws<\/span> of that state<\/span> or jurisdiction<\/span>.\n\t\t\t\t“Partnership” means an association of two or more persons<\/span> to carry on as co-owners a business<\/span> for profit formed under § 50-73.88<\/a>, predecessor law<\/span>, or comparable law<\/span> of another jurisdiction<\/span>, and includes, for all purposes of the laws<\/span> of this Commonwealth, a registered limited liability partnership<\/span>.\n\t\t\t\t“Partnership agreement<\/span>” means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement<\/span>.\n\t\t\t\t“Partnership at will<\/span>” means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking.\n\t\t\t\t“Partnership interest<\/span>” or “partner’s interest in the partnership” means all of a partner’s interests in the partnership, including the partner’s transferable interest and all management and other rights.\n\t\t\t\t“Person<\/span>” means an individual, corporation, business<\/span> trust, estate, trust, partnership, limited liability company, association, joint venture, government, governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.\n\t\t\t\t“Principal office<\/span>” means the office, in or out of the Commonwealth, where the chief executive offices of a domestic or foreign partnership or registered limited liability partnership<\/span> are located.\n\t\t\t\t“Property<\/span>” means all property<\/span>, real, personal, or mixed, tangible or intangible, or any interest therein.\n\t\t\t\t“Registered limited liability partnership<\/span>” means a partnership formed pursuant to an agreement governed by the laws<\/span> of this Commonwealth and registered under § 50-73.132<\/a>.\n\t\t\t\t“State<\/span>” means a state<\/span> of the United States<\/span>, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or insular possession<\/span> subject to the jurisdiction<\/span> of the United States<\/span>.\n\t\t\t\t“Statement<\/span>” means a statement<\/span> of partnership authority under § 50-73.93<\/a>, a statement<\/span> of denial under § 50-73.94<\/a>, a statement<\/span> of dissociation under § 50-73.115<\/a>, a statement<\/span> of dissolution under § 50-73.121<\/a>, a statement<\/span> of merger under § 50-73.131<\/a>, a statement<\/span> of registration as a registered limited liability partnership<\/span> under § 50-73.132<\/a>, a statement<\/span> of registration as a foreign registered limited liability partnership<\/span><\/span> under § 50-73.138<\/a>, an amendment or cancellation of any of the foregoing or a renewal of a statement<\/span> of partnership authority.\n\t\t\t\t“Transfer<\/span>” includes an assignment, conveyance, lease, mortgage, deed, and encumbrance. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 50-73.79)\n\nIn this chapter:\n\t\t“Business” includes every trade, occupation, and profession.\n\t\t“Commission” means the State Corporation Commission of Virginia.\n\t\t“Debtor in bankruptcy” means a person who is the subject of:\n\ni. an order for relief under Title 11 of the United States Code or a comparable\norder under a successor statute of general application; or\n\n ii. a comparable order under federal, state, or foreign law governing\n insolvency.\n \t\t\t\t“Distribution” means a transfer of money or other property\n from a partnership to a partner in the partner’s capacity as a partner\n or to the partner’s transferee.\n \t\t\t\t“Foreign registered limited liability partnership” means a\n limited liability partnership or registered limited liability partnership, or\n the functional equivalent thereof, formed pursuant to an agreement governed by\n the laws of any state or jurisdiction other than this Commonwealth and\n registered as a limited liability partnership under the laws of that state or\n jurisdiction.\n \t\t\t\t“Partnership” means an association of two or more persons to\n carry on as co-owners a business for profit formed under § 50-73.88,\n predecessor law, or comparable law of another jurisdiction, and includes, for\n all purposes of the laws of this Commonwealth, a registered limited liability\n partnership.\n \t\t\t\t“Partnership agreement” means the agreement, whether written,\n oral, or implied, among the partners concerning the partnership, including\n amendments to the partnership agreement.\n \t\t\t\t“Partnership at will” means a partnership in which the\n partners have not agreed to remain partners until the expiration of a definite\n term or the completion of a particular undertaking.\n \t\t\t\t“Partnership interest” or “partner’s interest in\n the partnership” means all of a partner’s interests in the\n partnership, including the partner’s transferable interest and all\n management and other rights.\n \t\t\t\t“Person” means an individual, corporation, business trust,\n estate, trust, partnership, limited liability company, association, joint\n venture, government, governmental subdivision, agency, or instrumentality, or\n any other legal or commercial entity.\n \t\t\t\t“Principal office” means the office, in or out of the\n Commonwealth, where the chief executive offices of a domestic or foreign\n partnership or registered limited liability partnership are located.\n \t\t\t\t“Property” means all property, real, personal, or mixed,\n tangible or intangible, or any interest therein.\n \t\t\t\t“Registered limited liability partnership” means a partnership\n formed pursuant to an agreement governed by the laws of this Commonwealth and\n registered under § 50-73.132.\n \t\t\t\t“State” means a state of the United States, the District of\n Columbia, the Commonwealth of Puerto Rico, or any territory or insular\n possession subject to the jurisdiction of the United States.\n \t\t\t\t“Statement” means a statement of partnership authority under\n § 50-73.93, a statement of denial under § 50-73.94, a statement of\n dissociation under § 50-73.115, a statement of dissolution under §\n 50-73.121, a statement of merger under § 50-73.131, a statement of\n registration as a registered limited liability partnership under §\n 50-73.132, a statement of registration as a foreign registered limited\n liability partnership under § 50-73.138, an amendment or cancellation of\n any of the foregoing or a renewal of a statement of partnership authority.\n \t\t\t\t“Transfer” includes an assignment, conveyance, lease,\n mortgage, deed, and encumbrance.\n\nHISTORY: 1996, c. 292; 2003, c. 567; 2006, c. 912; 2007, c. 631.","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}}