                                 CODE OF VIRGINIA

TRANSITION (§ 50-73.148)

Before January 1, 2000, a limited partnership voluntarily may elect, in the
manner provided in its partnership agreement or by law for amending the
partnership agreement, to be governed by this chapter. The provisions of this
chapter relating to the liability of the partnership&#8217;s partners to third
parties apply to limit those partners&#8217; liability to a third party who had
done business with the partnership within one year preceding the
partnership&#8217;s election to be governed by this chapter, only if the third
party knows or has received a notification of the partnership&#8217;s election
to be governed by this chapter.

HISTORY: 1996, c. 292.