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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>83653</law_id><section_number>50-73.48:1</section_number><catch_line>Merger</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>50-73.128</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="7.1">Merger</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Pursuant to a written plan of merger, a <span class="dictionary">domestic limited partnership</span> that has filed a <span class="dictionary">certificate of limited partnership</span> with the <span class="dictionary">Commission</span> that is not canceled may merge with one or more domestic or <span class="dictionary">foreign partnerships</span>, <span class="dictionary">limited partnerships</span>, limited liability companies, business trusts or corporations if: <a id="paragraph-299824" class="section-permalink" href="https://vacode.org/50-73.48_1/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> The merger is not prohibited by the <span class="dictionary">partnership agreement</span> of any <span class="dictionary">domestic limited partnership</span> that is a <span class="dictionary">party</span> to the merger, and each <span class="dictionary">domestic limited partnership</span> <span class="dictionary">party</span> to the merger approves the plan of merger in accordance with &#xA7; <a class="law" title="Approval of merger by domestic limited partnership" href="/50-73.48_2/">50-73.48:2</a> and complies with the terms of its <span class="dictionary">partnership agreement</span>; <a id="paragraph-299825" class="section-permalink" href="https://vacode.org/50-73.48_1/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> Each <span class="dictionary">domestic partnership</span> that is a <span class="dictionary">party</span> to the merger complies with the applicable provisions of Article 9 (&#xA7; <a class="law" title="Definitions" href="/50-73.124/">50-73.124</a> et seq.) of Chapter 2.2 of this title; <a id="paragraph-299826" class="section-permalink" href="https://vacode.org/50-73.48_1/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> Each <span class="dictionary">domestic limited liability company</span> that is a <span class="dictionary">party</span> to the merger complies with the applicable provisions of Article 13 (&#xA7; <a class="law" title="Definitions" href="/13.1-1069.1/">13.1-1069.1</a> et seq.) of Chapter 12 of Title 13.1; <a id="paragraph-299827" class="section-permalink" href="https://vacode.org/50-73.48_1/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="A4" class="indent-1"><p><span class="prefix-number">4.</span> Each <span class="dictionary">domestic business trust</span> that is a <span class="dictionary">party</span> to the merger complies with the applicable provisions of Article 11 (&#xA7; <a class="law" title="Authorization for merger" href="/13.1-1257/">13.1-1257</a> et seq.) of Chapter 14 of Title 13.1; <a id="paragraph-299828" class="section-permalink" href="https://vacode.org/50-73.48_1/#A4"><i class="fa fa-link"/></a></p></section>
						<section id="A5" class="indent-1"><p><span class="prefix-number">5.</span> Each <span class="dictionary">domestic corporation</span> that is a <span class="dictionary">party</span> to the merger complies with the applicable provisions of Article 12 (&#xA7; <a class="law" title="Definitions" href="/13.1-715.1/">13.1-715.1</a> et seq.) of Chapter 9 of Title 13.1; <a id="paragraph-299829" class="section-permalink" href="https://vacode.org/50-73.48_1/#A5"><i class="fa fa-link"/></a></p></section>
						<section id="A6" class="indent-1"><p><span class="prefix-number">6.</span> The merger is permitted by the <span class="dictionary">laws</span> under which each <span class="dictionary">foreign partnership</span>, limited partnership, <span class="dictionary">foreign limited liability company</span>, <span class="dictionary">foreign business trust</span>, and <span class="dictionary">foreign corporation</span> <span class="dictionary">party</span> to the merger is formed, organized or incorporated, and each such <span class="dictionary">foreign partnership</span>, limited partnership, limited liability company, business trust or corporation complies with those <span class="dictionary">laws</span> in effecting the merger; and <a id="paragraph-299830" class="section-permalink" href="https://vacode.org/50-73.48_1/#A6"><i class="fa fa-link"/></a></p></section>
						<section id="A7" class="indent-1"><p><span class="prefix-number">7.</span> No <span class="dictionary">partner</span> of a <span class="dictionary">domestic limited partnership</span> that is a <span class="dictionary">party</span> to the merger will, as a result of the merger, become personally liable for the liabilities or obligations of any other <span class="dictionary">person</span> or <span class="dictionary">entity</span> unless that <span class="dictionary">partner</span> approves the plan of merger or otherwise consents to becoming personally liable. <a id="paragraph-299831" class="section-permalink" href="https://vacode.org/50-73.48_1/#A7"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The plan of merger shall set forth: <a id="paragraph-299832" class="section-permalink" href="https://vacode.org/50-73.48_1/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B1" class="indent-1"><p><span class="prefix-number">1.</span> The name of each domestic or <span class="dictionary">foreign limited partnership</span>, limited liability company, business trust or corporation planning to merge and the name of the surviving domestic or <span class="dictionary">foreign partnership</span>, limited partnership, limited liability company, business trust or corporation into which each other domestic or <span class="dictionary">foreign partnership</span>, limited partnership, limited liability company, business trust or corporation plans to merge; <a id="paragraph-299833" class="section-permalink" href="https://vacode.org/50-73.48_1/#B1"><i class="fa fa-link"/></a></p></section>
						<section id="B2" class="indent-1"><p><span class="prefix-number">2.</span> The name of the <span class="dictionary">state</span> or country under whose <span class="dictionary">law</span> each domestic or <span class="dictionary">foreign partnership</span>, limited partnership, limited liability company, business trust or corporation planning to merge is formed, organized or incorporated and the name of the <span class="dictionary">state</span> or country of formation, organization or incorporation of the surviving domestic or <span class="dictionary">foreign partnership</span>, limited partnership, limited liability company, business trust or corporation; <a id="paragraph-299834" class="section-permalink" href="https://vacode.org/50-73.48_1/#B2"><i class="fa fa-link"/></a></p></section>
						<section id="B3" class="indent-1"><p><span class="prefix-number">3.</span> The terms and conditions of the merger; and <a id="paragraph-299835" class="section-permalink" href="https://vacode.org/50-73.48_1/#B3"><i class="fa fa-link"/></a></p></section>
						<section id="B4" class="indent-1"><p><span class="prefix-number">4.</span> The manner and basis of converting the <span class="dictionary">partnership interests</span> of each <span class="dictionary">domestic partnership</span> or limited partnership, the membership interests of each <span class="dictionary">domestic limited liability company</span>, the shares of beneficial interest of each <span class="dictionary">domestic business trust</span>, and the shares of each <span class="dictionary">domestic corporation</span> <span class="dictionary">party</span> to the merger into <span class="dictionary">partnership interests</span>, membership interests, shares of beneficial interest, shares, obligations or other securities of the surviving or any other domestic or <span class="dictionary">foreign partnership</span>, limited partnership, limited liability company, business trust, or corporation or into cash or other property in whole or in part, and the manner and basis of converting rights to acquire the <span class="dictionary">partnership interests</span> of each <span class="dictionary">domestic partnership</span> or limited partnership, the membership interests of each <span class="dictionary">domestic limited liability company</span>, the shares of beneficial interest of each <span class="dictionary">domestic business trust</span>, and the shares of each <span class="dictionary">domestic corporation</span> <span class="dictionary">party</span> to the merger into rights to acquire <span class="dictionary">partnership interests</span>, membership interests, shares of beneficial interest, shares, obligations or other securities of the surviving or any other domestic or <span class="dictionary">foreign partnership</span>, limited partnership, limited liability company, business trust or corporation or into cash or other property in whole or in part. <a id="paragraph-299836" class="section-permalink" href="https://vacode.org/50-73.48_1/#B4"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> The plan of merger may set forth: <a id="paragraph-299837" class="section-permalink" href="https://vacode.org/50-73.48_1/#C"><i class="fa fa-link"/></a></p></section>
						<section id="C1" class="indent-1"><p><span class="prefix-number">1.</span> If a <span class="dictionary">domestic limited partnership</span> is to be the surviving <span class="dictionary">entity</span>, amendments to the <span class="dictionary">certificate of limited partnership</span> or <span class="dictionary">partnership agreement</span> of that limited partnership; <a id="paragraph-299838" class="section-permalink" href="https://vacode.org/50-73.48_1/#C1"><i class="fa fa-link"/></a></p></section>
						<section id="C2" class="indent-1"><p><span class="prefix-number">2.</span> If the merger is not to be effective upon the issuance of the certificate of merger described in subsection C of &#xA7; <a class="law" title="Articles of merger" href="/50-73.48_3/">50-73.48:3</a> by the <span class="dictionary">Commission</span>, the future effective date or time of the merger; and <a id="paragraph-299839" class="section-permalink" href="https://vacode.org/50-73.48_1/#C2"><i class="fa fa-link"/></a></p></section>
						<section id="C3" class="indent-1"><p><span class="prefix-number">3.</span> Other provisions relating to the merger. <a id="paragraph-299840" class="section-permalink" href="https://vacode.org/50-73.48_1/#C3"><i class="fa fa-link"/></a></p></section></text><history>1992, c. 575; 1997, c. 190; 2003, c. 340; 2005, c. 765; 2007, c. 631; 2016, c. 288.</history><metadata></metadata></law>
