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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>56436</law_id><section_number>50-73.11:3</section_number><catch_line>Conversion of general partnership to limited partnership</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>50-73.11:4</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="2.1">Virginia Revised Uniform Limited Partnership Act</unit><unit label="article" level="3" order_by="1" identifier="2">Formation: Certificate of Limited Partnership</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A domestic or foreign general partnership may convert to a <span class="dictionary">limited partnership</span> pursuant to this section. <a id="paragraph-206620" class="section-permalink" href="https://vacode.org/50-73.11_3/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The terms and conditions of a conversion of a general partnership to a <span class="dictionary">limited partnership</span> shall be approved by the <span class="dictionary">partners</span> in the manner provided in the partnership&#x2019;s <span class="dictionary">partnership agreement</span> for amendments to the <span class="dictionary">partnership agreement</span> or, if no such provision is made in the <span class="dictionary">partnership agreement</span>, by all of the <span class="dictionary">partners</span>. <a id="paragraph-206621" class="section-permalink" href="https://vacode.org/50-73.11_3/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> After the conversion is approved by the <span class="dictionary">partners</span>, the general partnership shall file a <span class="dictionary">certificate of limited partnership</span> that meets the requirements of &#xA7;&#xA0;<a class="law" title="Certificate of limited partnership" href="/50-73.11/">50-73.11</a> and includes the following: <a id="paragraph-206622" class="section-permalink" href="https://vacode.org/50-73.11_3/#C"><i class="fa fa-link"/></a></p></section>
						<section id="C1" class="indent-1"><p><span class="prefix-number">1.</span> The name of the former general partnership and the identification number issued by the <span class="dictionary">Commission</span> to the general partnership, if any; <a id="paragraph-206623" class="section-permalink" href="https://vacode.org/50-73.11_3/#C1"><i class="fa fa-link"/></a></p></section>
						<section id="C2" class="indent-1"><p><span class="prefix-number">2.</span> The <span class="dictionary">jurisdiction</span> under whose <span class="dictionary">law</span> the general partnership was formed immediately prior to the filing of the <span class="dictionary">certificate of limited partnership</span>; <a id="paragraph-206624" class="section-permalink" href="https://vacode.org/50-73.11_3/#C2"><i class="fa fa-link"/></a></p></section>
						<section id="C3" class="indent-1"><p><span class="prefix-number">3.</span> If the former general partnership is registered with the <span class="dictionary">Commission</span> as a <span class="dictionary">registered limited liability partnership</span>, a statement to that effect; <a id="paragraph-206625" class="section-permalink" href="https://vacode.org/50-73.11_3/#C3"><i class="fa fa-link"/></a></p></section>
						<section id="C4" class="indent-1"><p><span class="prefix-number">4.</span> A statement that the conversion of the general partnership to a limited partnership was approved by the <span class="dictionary">partners</span> in accordance with the provisions of subsection B. <a id="paragraph-206626" class="section-permalink" href="https://vacode.org/50-73.11_3/#C4"><i class="fa fa-link"/></a></p></section></text><history>2007, c. 631.</history><metadata></metadata></law>
