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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>69228</law_id><section_number>50-73.115</section_number><catch_line>Statement of dissociation</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>50-73.136</reference><reference>50-73.79</reference><reference>50-73.93</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="50">Partnerships</unit><unit label="chapter" level="2" order_by="1" identifier="2.2">Virginia Uniform Partnership Act</unit><unit label="article" level="3" order_by="1" identifier="7">Partner's Dissociation When Business Not Wound up</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A dissociated partner named as a partner in a filed <span class="dictionary">statement</span> of <span class="dictionary">partnership</span> authority or in a list maintained by an agent pursuant to subsection B of &#xA7; <a class="law" title="Statement of partnership authority" href="/50-73.93/">50-73.93</a> or a <span class="dictionary">partnership</span> that has filed a <span class="dictionary">statement</span> of <span class="dictionary">partnership</span> authority that has not been canceled may file a <span class="dictionary">statement</span> of dissociation stating the name of the <span class="dictionary">partnership</span>, the identification number issued by the <span class="dictionary">Commission</span> to the <span class="dictionary">partnership</span>, and that the partner is dissociated from the <span class="dictionary">partnership</span>. <a id="paragraph-250469" class="section-permalink" href="https://vacode.org/50-73.115/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> A <span class="dictionary">statement</span> of dissociation is a limitation on the authority of a dissociated partner for the purposes of subsections D and E of &#xA7; <a class="law" title="Statement of partnership authority" href="/50-73.93/">50-73.93</a>. <a id="paragraph-250470" class="section-permalink" href="https://vacode.org/50-73.115/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> For the purposes of subdivision A 3 of &#xA7; <a class="law" title="Dissociated partner's power to bind partnership" href="/50-73.113/">50-73.113</a> and subdivision B 3 of &#xA7; <a class="law" title="Dissociated partner's liability to other persons" href="/50-73.114/">50-73.114</a>, a <span class="dictionary">person</span> not a partner is deemed to have notice of the dissociation 90 days after the <span class="dictionary">statement</span> of dissociation is filed. <a id="paragraph-250471" class="section-permalink" href="https://vacode.org/50-73.115/#C"><i class="fa fa-link"/></a></p></section></text><history>1996, c. 292; 2003, c. 567.</history><metadata></metadata></law>
