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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>57246</law_id><section_number>50-73.141</section_number><catch_line>Applicability of chapter to foreign and interstate commerce</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>50-73.140</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="9.1">Registered Limited Liability Partnerships</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A <span class="dictionary">registered limited liability partnership</span> may conduct its <span class="dictionary">business</span>, carry on its operations, and have and exercise the powers granted by this chapter in any <span class="dictionary">state</span>, territory, district, or <span class="dictionary">possession</span> of the United <span class="dictionary">States</span> or in any foreign country. <a id="paragraph-209710" class="section-permalink" href="https://vacode.org/50-73.141/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> It is the policy of this Commonwealth that <span class="dictionary">registered limited liability partnerships</span> formed pursuant to agreements governed by the <span class="dictionary">laws</span> of this Commonwealth be recognized outside this Commonwealth and that the <span class="dictionary">laws</span> of this Commonwealth governing <span class="dictionary">registered limited liability partnerships</span> transacting <span class="dictionary">business</span> outside this Commonwealth be granted the protection of full faith and credit under the Constitution of the United <span class="dictionary">States</span>. <a id="paragraph-209711" class="section-permalink" href="https://vacode.org/50-73.141/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> It is the policy of this Commonwealth that in the case of a <span class="dictionary">registered limited liability partnership</span> the relations among the partners and between the partners and the partnership, and the liability of partners for debts, obligations and liabilities chargeable to the partnership, shall be subject to and governed by the <span class="dictionary">laws</span> of this Commonwealth. <a id="paragraph-209712" class="section-permalink" href="https://vacode.org/50-73.141/#C"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> Subject to any <span class="dictionary">statutes</span> for the regulation and control of specific types of <span class="dictionary">business</span>, <span class="dictionary">foreign <span class="dictionary">registered limited liability partnerships</span></span> may do <span class="dictionary">business</span> in this Commonwealth. <a id="paragraph-209713" class="section-permalink" href="https://vacode.org/50-73.141/#D"><i class="fa fa-link"/></a></p></section>
						<section id="E"><p><span class="prefix-number">E.</span> It is the policy of this Commonwealth that in the case of a <span class="dictionary">foreign <span class="dictionary">registered limited liability partnership</span></span> (whether or not registered under &#xA7; <a class="law" title="Effect of failure of foreign registered limited liability partnership to register" href="/50-73.140/">50-73.140</a>) the relations among the partners and between the partners and the partnership, and the liability of partners for debts, obligations and liabilities chargeable to the partnership, shall be subject to and governed by the <span class="dictionary">laws</span> of the <span class="dictionary">jurisdiction</span> that govern the agreement under which it was formed. <a id="paragraph-209714" class="section-permalink" href="https://vacode.org/50-73.141/#E"><i class="fa fa-link"/></a></p></section></text><history>1996, c. 292.</history><metadata></metadata></law>
