Virginia Statutes
§ 50-73.42 — Limitations on distribution
Virginia § 50-73.42
JurisdictionVirginia
Title 50PARTNERSHIPS
Ch. 2.1VIRGINIA REVISED UNIFORM LIMITED PARTNERSHIP ACT
Art. 6DISTRIBUTIONS AND WITHDRAWAL
This text of Virginia § 50-73.42 (Limitations on distribution) 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. § 50-73.42 (2026).
Text
A partner may not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets.
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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Repealed§ 50-44
Repealed§ 50-73.1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 § 50-73.42, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/50/50-73.42.