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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>65881</law_id><section_number>50-73.53</section_number><catch_line>Authority to transact business required; governing law</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="9">Foreign Limited Partnerships</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A <span class="dictionary">foreign limited partnership</span> may not transact business in the Commonwealth until it obtains a certificate of registration from the <span class="dictionary">Commission</span>. <a id="paragraph-239418" class="section-permalink" href="https://vacode.org/50-73.53/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> Subject to the Constitution of this Commonwealth, (i) the <span class="dictionary">laws</span> of the <span class="dictionary">state</span> or other <span class="dictionary">jurisdiction</span> under which a <span class="dictionary">foreign limited partnership</span> is formed govern its formation and internal affairs and the liability of its <span class="dictionary">limited partners</span>, and (ii) a <span class="dictionary">foreign limited partnership</span> may not be denied a certificate of registration by reason of any difference between those <span class="dictionary">laws</span> and the <span class="dictionary">laws</span> of this Commonwealth. However, a <span class="dictionary">foreign limited partnership</span> holding a valid certificate of registration to transact business in the Commonwealth shall have no greater rights and <span class="dictionary">privileges</span> than a <span class="dictionary">domestic limited partnership</span>. The certificate of registration shall not be deemed to authorize the <span class="dictionary">foreign limited partnership</span> to exercise any of its powers or purposes that a <span class="dictionary">domestic limited partnership</span> is forbidden by <span class="dictionary">law</span> to exercise in the Commonwealth. <a id="paragraph-239419" class="section-permalink" href="https://vacode.org/50-73.53/#B"><i class="fa fa-link"/></a></p></section></text><history>1985, c. 607; 2007, c. 631.</history><metadata></metadata></law>
