                                 CODE OF VIRGINIA

PARTNER&#8217;S LIABILITY (§ 50-73.96)

A. Except as otherwise provided in subsection B or subsection C, all partners
are liable jointly and severally for all obligations of the partnership unless
otherwise agreed by the claimant or provided by law.

B. A person admitted as a partner into an existing partnership is not personally
liable for any partnership obligation incurred before the person&#8217;s
admission as a partner.

C. A person is not, solely by reason of being a partner, liable, directly or
indirectly, including by way of indemnification, contribution, assessment or
otherwise, for debts, obligations or liabilities of, or chargeable to, the
partnership, whether sounding in tort, contract or otherwise, that are incurred,
created or assumed by the partnership while the partnership is a registered
limited liability partnership.

D. A person is not, solely by reason of being a partner, a proper party to a
proceeding by or against a registered limited liability partnership, the object
of which is to recover damages, collect the debts or liabilities or enforce the
obligations of the partnership with respect to which the partner is not liable
under subsection C.

HISTORY: 1996, c. 292.