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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>71264</law_id><section_number>50-73.52:7</section_number><catch_line>Reinstatement of a limited partnership that has ceased to exist</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="8">Dissolution</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A <span class="dictionary">limited partnership</span> that has ceased to exist may apply to the <span class="dictionary">Commission</span> for reinstatement within five years thereafter, unless the cancellation was by <span class="dictionary">order</span> of the <span class="dictionary">Commission</span> (i) entered pursuant to subdivision A 1 of &#xA7; <a class="law" title="Involuntary cancellation of limited partnership existence" href="/50-73.52_6/">50-73.52:6</a> or (ii) entered pursuant to &#xA7; <a class="law" title="Judicial dissolution" href="/50-73.50/">50-73.50</a> and the <span class="dictionary">circuit</span> <span class="dictionary">court</span>&#x2019;s <span class="dictionary">decree</span> directing dissolution contains no provision for reinstatement of the existence of the <span class="dictionary">limited partnership</span>. <a id="paragraph-256848" class="section-permalink" href="https://vacode.org/50-73.52_7/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> To have the <span class="dictionary">certificate of limited partnership</span> reinstated, a limited partnership shall provide the <span class="dictionary">Commission</span> with the following: <a id="paragraph-256849" class="section-permalink" href="https://vacode.org/50-73.52_7/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B1" class="indent-1"><p><span class="prefix-number">1.</span> An application for reinstatement signed by a <span class="dictionary">general partner</span> of the limited partnership or, if there are no <span class="dictionary">general partners</span>, a <span class="dictionary">limited partner</span>, which may be in the form of a letter; <a id="paragraph-256850" class="section-permalink" href="https://vacode.org/50-73.52_7/#B1"><i class="fa fa-link"/></a></p></section>
						<section id="B2" class="indent-1"><p><span class="prefix-number">2.</span> A reinstatement fee of $100; <a id="paragraph-256851" class="section-permalink" href="https://vacode.org/50-73.52_7/#B2"><i class="fa fa-link"/></a></p></section>
						<section id="B3" class="indent-1"><p><span class="prefix-number">3.</span> All annual registration fees required by &#xA7; <a class="law" title="Annual registration fees to be paid by domestic and foreign limited partnerships" href="/50-73.67/">50-73.67</a> and penalties that were due before the <span class="dictionary">certificate of limited partnership</span> was canceled and that would have been assessed or imposed to the date of reinstatement if the limited partnership&#x2019;s <span class="dictionary">certificate of limited partnership</span> had not been canceled; <a id="paragraph-256852" class="section-permalink" href="https://vacode.org/50-73.52_7/#B3"><i class="fa fa-link"/></a></p></section>
						<section id="B4" class="indent-1"><p><span class="prefix-number">4.</span> If the name of the limited partnership does not comply with the provisions of &#xA7; <a class="law" title="Name" href="/50-73.2/">50-73.2</a> at the time of reinstatement, an amendment to the <span class="dictionary">certificate of limited partnership</span> to change the limited partnership&#x2019;s name to a name that satisfies the provisions of &#xA7; <a class="law" title="Name" href="/50-73.2/">50-73.2</a>, with the fee required by this chapter for the filing of an amendment to the <span class="dictionary">certificate of limited partnership</span>; and <a id="paragraph-256853" class="section-permalink" href="https://vacode.org/50-73.52_7/#B4"><i class="fa fa-link"/></a></p></section>
						<section id="B5" class="indent-1"><p><span class="prefix-number">5.</span> If the limited partnership&#x2019;s registered agent has filed a statement of resignation and a new registered agent has not been appointed, a statement of change pursuant to &#xA7; <a class="law" title="Change of registered office or registered agent" href="/50-73.5/">50-73.5</a>. <a id="paragraph-256854" class="section-permalink" href="https://vacode.org/50-73.52_7/#B5"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> If the limited partnership complies with the provisions of this section, the <span class="dictionary">Commission</span> shall enter an <span class="dictionary">order</span> of reinstatement of existence. Upon entry of the <span class="dictionary">order</span>, the existence of the limited partnership shall be deemed to have continued from the date of the cancellation as if cancellation had never occurred, and any liability incurred by the limited partnership or a partner or other agent after the cancellation and before the reinstatement is determined as if cancellation of the limited partnership&#x2019;s existence had never occurred. <a id="paragraph-256855" class="section-permalink" href="https://vacode.org/50-73.52_7/#C"><i class="fa fa-link"/></a></p></section></text><history>2008, c. 586.</history><metadata></metadata></law>
