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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>82870</law_id><section_number>50-73.84</section_number><catch_line>Law governing internal relations</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>50-73.81</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="2.2">Virginia Uniform Partnership Act</unit><unit label="article" level="3" order_by="1" identifier="1">General Provisions</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Except as provided in subsection B, the <span class="dictionary">law</span> of the <span class="dictionary">jurisdiction</span> in which a <span class="dictionary">partnership</span> has its <span class="dictionary">principal office</span> governs relations among the partners and between the partners and the <span class="dictionary">partnership</span>. <a id="paragraph-297037" class="section-permalink" href="https://vacode.org/50-73.84/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The <span class="dictionary">law</span> of this Commonwealth shall govern relations among the partners and between the partners and the partnership, and the liability of partners for debts, obligations and liabilities chargeable to the partnership, in a partnership that has filed a <span class="dictionary">statement</span> of registration as a <span class="dictionary">registered limited liability partnership</span> in this Commonwealth. <a id="paragraph-297038" class="section-permalink" href="https://vacode.org/50-73.84/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> Sections 9-406 and 9-408 of the Uniform Commercial Code, including &#xA7;&#xA7; <a class="law" title="Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective" href="/8.9A-406/">8.9A-406</a> and <a class="law" title="Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective" href="/8.9A-408/">8.9A-408</a>, do not apply to any interest in a partnership, including all rights, powers, and interests arising under the <span class="dictionary">partnership agreement</span> of a partnership, Chapter 2.1 (&#xA7; <a class="law" title="Definitions" href="/50-73.1/">50-73.1</a> et seq.) of this title, or this chapter. This provision prevails over &#xA7;&#xA7; <a class="law" title="Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective" href="/8.9A-406/">8.9A-406</a> and <a class="law" title="Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective" href="/8.9A-408/">8.9A-408</a>, and is expressly intended to permit the enforcement as a fundamental matter of <span class="dictionary">contract</span> among the partners of a partnership of any provision of a <span class="dictionary">partnership agreement</span> that would otherwise be ineffective under &#xA7; 9-406 or &#xA7; 9-408 of the Uniform Commercial Code. <a id="paragraph-297039" class="section-permalink" href="https://vacode.org/50-73.84/#C"><i class="fa fa-link"/></a></p></section></text><history>1996, c. 292; 2003, c. 340; 2007, c. 631.</history><metadata></metadata></law>
