Virginia Statutes
§ 50-73.37 — Withdrawal of general partner
Virginia § 50-73.37
JurisdictionVirginia
Title 50PARTNERSHIPS
Ch. 2.1VIRGINIA REVISED UNIFORM LIMITED PARTNERSHIP ACT
Art. 6DISTRIBUTIONS AND WITHDRAWAL
This text of Virginia § 50-73.37 (Withdrawal of general partner) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 50-73.37 (2026).
Text
A general partner may withdraw from a limited partnership at any time by giving written notice to the other partners, but if the withdrawal violates the partnership agreement, the limited partnership may recover from the withdrawing general partner damages for breach of the partnership agreement and offset the damages against the amount otherwise distributable to him in addition to any remedies otherwise available under applicable law.
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Legislative History
1985, c. 607.
Nearby Sections
15
§ 50-1
Repealed§ 50-44
Repealed§ 50-73.1
Definitions§ 50-73.100
Distributions in kind§ 50-73.102
General standards of partner's conduct§ 50-73.103
Actions by partnership and partners§ 50-73.105
Partner not co-owner of partnership property§ 50-73.107
Transfer of partner's transferable interest§ 50-73.109
Events causing partner's dissociationCite This Page — Counsel Stack
Bluebook (online)
Virginia § 50-73.37, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/50/50-73.37.