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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>82439</law_id><section_number>50-73.78</section_number><catch_line>Limited partnership as registered limited liability partnership</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-1012</reference><reference>13.1-1214</reference><reference>13.1-630</reference><reference>13.1-829</reference><reference>50-73.133</reference><reference>50-73.2</reference><reference>50-73.56</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="12">Miscellaneous</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A <span class="dictionary">limited partnership</span> is a <span class="dictionary">registered limited liability partnership</span> as well as a <span class="dictionary">limited partnership</span> if it: <a id="paragraph-295364" class="section-permalink" href="https://vacode.org/50-73.78/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> Registers as a limited liability partnership as provided in &#xA7; <a class="law" title="Registered limited liability partnerships" href="/50-73.132/">50-73.132</a> of the Virginia Uniform Partnership Act (&#xA7; <a class="law" title="Definitions" href="/50-73.79/">50-73.79</a> et seq.), as permitted by its written <span class="dictionary">partnership agreement</span> or, if its written <span class="dictionary">partnership agreement</span> is silent, with the consent of partners required to <span class="dictionary">amend</span> its written <span class="dictionary">partnership agreement</span>, provided that, notwithstanding the provisions of subsection C of &#xA7; <a class="law" title="Execution, filing, and recording of statements; effective time and date; refunds; penalty" href="/50-73.83/">50-73.83</a>, a statement of registration as a limited liability partnership filed by a <span class="dictionary">limited partnership</span> shall be executed by any one or more authorized <span class="dictionary">general partners</span>; and <a id="paragraph-295365" class="section-permalink" href="https://vacode.org/50-73.78/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> Has a name that either: (i) complies with the requirements of clause (i) of subsection A of &#xA7; <a class="law" title="Name" href="/50-73.2/">50-73.2</a> and subsection A of &#xA7; <a class="law" title="Name of registered limited liability partnership" href="/50-73.133/">50-73.133</a> or (ii) contains the words &#x201C;Registered Limited Liability <span class="dictionary">Limited Partnership</span>&#x201D; or &#x201C;Limited Liability <span class="dictionary">Limited Partnership</span>&#x201D; or the abbreviation &#x201C;R.L.L.L.P.&#x201D; or &#x201C;L.L.L.P.&#x201D; or the designation &#x201C;RLLLP&#x201D; or &#x201C;LLLP.&#x201D; <a id="paragraph-295366" class="section-permalink" href="https://vacode.org/50-73.78/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> In applying &#xA7; <a class="law" title="Registered limited liability partnerships" href="/50-73.132/">50-73.132</a> to a <span class="dictionary">limited partnership</span>, all references to partners mean <span class="dictionary">general partners</span>. <a id="paragraph-295367" class="section-permalink" href="https://vacode.org/50-73.78/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> If a <span class="dictionary">limited partnership</span> is a <span class="dictionary">registered limited liability partnership</span>, &#xA7; <a class="law" title="Partner's liability" href="/50-73.96/">50-73.96</a> applies to its <span class="dictionary">general partners</span> and to any of its <span class="dictionary">limited partners</span> who, under other provisions of this chapter, are liable for the debts or obligations of the partnership. <a id="paragraph-295368" class="section-permalink" href="https://vacode.org/50-73.78/#C"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> If a <span class="dictionary">limited partnership</span> is a <span class="dictionary">registered limited liability partnership</span>, except to the extent that the provisions of this section and Article 9.1 (&#xA7; <a class="law" title="Registered limited liability partnerships" href="/50-73.132/">50-73.132</a> et seq.) of Chapter 2.2 make a distinction between a <span class="dictionary">domestic partnership</span> and a <span class="dictionary">limited partnership</span>, the provisions of Article 9.1 (&#xA7; <a class="law" title="Registered limited liability partnerships" href="/50-73.132/">50-73.132</a> et seq.) of Chapter 2.2 shall apply to a <span class="dictionary">limited partnership</span> to the same extent that such provisions apply to a <span class="dictionary">domestic partnership</span> that has registered for status as a <span class="dictionary">registered limited liability partnership</span>. <a id="paragraph-295369" class="section-permalink" href="https://vacode.org/50-73.78/#D"><i class="fa fa-link"/></a></p></section></text><history>1995, c. 116; 1996, c. 292; 1998, c. 163; 2007, c. 631; 2012, c. 63.</history><metadata></metadata></law>
