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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>60611</law_id><section_number>50-73.52:2</section_number><catch_line>Other claims against dissolved limited partnership</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>50-73.52:2</reference><reference>50-73.52:3</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="8">Dissolution</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A dissolved <span class="dictionary">limited partnership</span> may also publish notice of its dissolution and request that <span class="dictionary">persons</span> with claims against the dissolved <span class="dictionary">limited partnership</span> present them in accordance with the notice. <a id="paragraph-221528" class="section-permalink" href="https://vacode.org/50-73.52_2/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The notice shall: <a id="paragraph-221529" class="section-permalink" href="https://vacode.org/50-73.52_2/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B1" class="indent-1"><p><span class="prefix-number">1.</span> Be published one time in a newspaper of general circulation in the city or county where the dissolved <span class="dictionary">limited partnership</span>&#x2019;s <span class="dictionary">principal office</span>, or, if none in the Commonwealth, its registered office, is or was last located; <a id="paragraph-221530" class="section-permalink" href="https://vacode.org/50-73.52_2/#B1"><i class="fa fa-link"/></a></p></section>
						<section id="B2" class="indent-1"><p><span class="prefix-number">2.</span> Describe the information that must be included in a claim and provide a mailing address where the claim may be sent; and <a id="paragraph-221531" class="section-permalink" href="https://vacode.org/50-73.52_2/#B2"><i class="fa fa-link"/></a></p></section>
						<section id="B3" class="indent-1"><p><span class="prefix-number">3.</span> <span class="dictionary">State</span> that a claim against the dissolved <span class="dictionary">limited partnership</span> will be barred unless a proceeding to enforce the claim is commenced prior to the earlier of the expiration of any applicable <span class="dictionary">statute of limitations</span> or three years after the date of publication of the notice. <a id="paragraph-221532" class="section-permalink" href="https://vacode.org/50-73.52_2/#B3"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> If the dissolved <span class="dictionary">limited partnership</span> publishes a newspaper notice in accordance with subsection B, the claim of each of the following claimants is barred unless the claimant commences a proceeding to enforce the claim against the dissolved <span class="dictionary">limited partnership</span> prior to the earlier of the expiration of any applicable <span class="dictionary">statute of limitations</span> or three years after the publication date of the newspaper notice: <a id="paragraph-221533" class="section-permalink" href="https://vacode.org/50-73.52_2/#C"><i class="fa fa-link"/></a></p></section>
						<section id="C1" class="indent-1"><p><span class="prefix-number">1.</span> A claimant who was not given written notice under &#xA7; <a class="law" title="Known claims against dissolved limited partnership" href="/50-73.52_1/">50-73.52:1</a>; <a id="paragraph-221534" class="section-permalink" href="https://vacode.org/50-73.52_2/#C1"><i class="fa fa-link"/></a></p></section>
						<section id="C2" class="indent-1"><p><span class="prefix-number">2.</span> A claimant whose claim was timely sent to the dissolved <span class="dictionary">limited partnership</span> but not acted on; and <a id="paragraph-221535" class="section-permalink" href="https://vacode.org/50-73.52_2/#C2"><i class="fa fa-link"/></a></p></section>
						<section id="C3" class="indent-1"><p><span class="prefix-number">3.</span> A claimant whose claim does not meet the definition of a claim in subsection D of &#xA7; <a class="law" title="Known claims against dissolved limited partnership" href="/50-73.52_1/">50-73.52:1</a>. <a id="paragraph-221536" class="section-permalink" href="https://vacode.org/50-73.52_2/#C3"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> A claim that is not barred by subsection C of &#xA7;&#xA0;<a class="law" title="Known claims against dissolved limited partnership" href="/50-73.52_1/">50-73.52:1</a> or subsection C of &#xA7;&#xA0;<a class="law" title="Other claims against dissolved limited partnership" href="/50-73.52_2/">50-73.52:2</a> may be enforced: <a id="paragraph-221537" class="section-permalink" href="https://vacode.org/50-73.52_2/#D"><i class="fa fa-link"/></a></p></section>
						<section id="D1" class="indent-1"><p><span class="prefix-number">1.</span> Against the dissolved <span class="dictionary">limited partnership</span>, to the extent of its undistributed <span class="dictionary">assets</span>; or <a id="paragraph-221538" class="section-permalink" href="https://vacode.org/50-73.52_2/#D1"><i class="fa fa-link"/></a></p></section>
						<section id="D2" class="indent-1"><p><span class="prefix-number">2.</span> Except as provided in subsection D of &#xA7; <a class="law" title="Court proceedings" href="/50-73.52_3/">50-73.52:3</a>, if the <span class="dictionary">assets</span> have been distributed in <span class="dictionary">liquidation</span>, against a <span class="dictionary">partner</span> of the dissolved <span class="dictionary">limited partnership</span> to the extent of the <span class="dictionary">partner</span>&#x2019;s pro rata share of the claim or the <span class="dictionary">limited partnership</span> <span class="dictionary">assets</span> distributed to the <span class="dictionary">partner</span> in <span class="dictionary">liquidation</span>, whichever is less, but a <span class="dictionary">partner</span>&#x2019;s total liability for all claims under this section may not exceed the total amount of <span class="dictionary">assets</span> distributed to the <span class="dictionary">partner</span>. <a id="paragraph-221539" class="section-permalink" href="https://vacode.org/50-73.52_2/#D2"><i class="fa fa-link"/></a></p></section></text><history>2006, c. 912.</history><metadata></metadata></law>
