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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>65769</law_id><section_number>50-73.42</section_number><catch_line>Limitations on distribution</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><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="6">Distributions and Withdrawal</unit></structure><text>
						<section><p>A <span class="dictionary">partner</span> may not receive a distribution from a <span class="dictionary">limited partnership</span> to the extent that, after giving effect to the distribution, all liabilities of the <span class="dictionary">limited partnership</span>, other than liabilities to <span class="dictionary">partners</span> on account of their <span class="dictionary">partnership interests</span>, exceed the fair value of the partnership <span class="dictionary">assets</span>.</p></section></text><history>1985, c. 607.</history><metadata></metadata></law>
