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3 chapters · 168 sections in this title.
Va. Code Ann. § 50-73.149 Savings clause
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This chapter does not affect an action or proceeding commenced or right accrued before July 1, 1997.
Va. Code Ann. § 50-73.150 Property title records
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A. Whenever the records in the office of the clerk of the Commission reflect that a partnership has changed or corrected its name, merged into a domestic or foreign corporation, limited liability company, business trust, limited partnership or partnership, converted into a domest…
Va. Code Ann. § 50-73.62 Right of action
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A limited partner may bring an action in the right of a limited partnership to recover a judgment in its favor to the same extent that a stockholder may bring an action for a derivative suit under the Stock Corporation Act, Chapter 9 (§ 13.1-601 et seq.) of Title 13.1. Such actio…
Va. Code Ann. § 50-73.63 Proper plaintiff
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In a derivative action, the plaintiff shall be a partner at the time of bringing the action and (i) shall have been a partner at the time of the transaction of which he complains or (ii) his status as a partner shall have devolved upon him by operation of law or pursuant to the t…
Va. Code Ann. § 50-73.64 Pleading
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In a derivative action, the complaint shall set forth with particularity the effort of the plaintiff to secure commencement of the action by a general partner or the reasons for not making the effort.
Va. Code Ann. § 50-73.65 Expenses
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If a derivative action is successful, in whole or in part, or if anything is received by the plaintiff as a result of a judgment, compromise or settlement of an action or claim, except as hereinafter provided, the court may award the plaintiff reasonable expenses, including reaso…
Va. Code Ann. § 50-73.66 Annual registration fees to be assessed and collected by Commission; application of payment
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The Commission shall assess and collect the annual registration fees imposed by this chapter. When the Commission receives payment of a registration fee assessed against a domestic or a foreign limited partnership, such payment shall be applied against any unpaid registration fee…
Va. Code Ann. § 50-73.67 Annual registration fees to be paid by domestic and foreign limited partnerships
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A. Every domestic limited partnership, and every foreign limited partnership registered to transact business in the Commonwealth, shall pay into the state treasury on or before October 1 in each year after the calendar year in which it was formed or registered to transact busines…
Va. Code Ann. § 50-73.69 Penalty for failure to timely pay annual registration fee
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A. Any domestic or any foreign limited partnership that fails to pay the annual registration fee into the state treasury within the time prescribed in § 50-73.67 shall incur a penalty of $25, which shall be added to the amount of the annual registration fee due. The penalty presc…
Va. Code Ann. § 50-73.70 Payment of fees, fines, penalties, and interest prerequisite to Commission action; refunds
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A. The Commission shall not file or issue with respect to any domestic or foreign limited partnership any document or certificate specified in this chapter, except a statement of change pursuant to § 50-73.5 and a statement of resignation pursuant to § 50-73.6, until all fees, fi…
Va. Code Ann. § 50-73.71 Collection by suit and of unpaid bills
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The provisions of §§ 13.1-775.1 and 58.1-2814, so far as they are applicable, shall apply to the annual registration fees and penalties imposed by this chapter.
Va. Code Ann. § 50-73.72 Construction and application
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This Act shall be so applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this Act among states enacting it.
Va. Code Ann. § 50-73.73 Short title
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This chapter may be cited as the Virginia Revised Uniform Limited Partnership Act.
Va. Code Ann. § 50-73.75 Rules for cases not provided for in this chapter
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In any case not provided for in this chapter the provisions of the Uniform Partnership Act Chapter 2.2 (§ 50-73.79 et seq.) shall govern.
Va. Code Ann. § 50-73.76 Application to existing limited partnership
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Unless otherwise provided in this chapter, the provisions of this chapter shall apply to all limited partnerships, and to their partners, existing on January 1, 1987.
Va. Code Ann. § 50-73.76:1 Property title records
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A. Whenever the records in the office of the clerk of the Commission reflect that a domestic or foreign limited partnership has changed or corrected its name, merged into a domestic or foreign corporation, limited liability company, business trust, limited partnership or partners…
Va. Code Ann. § 50-73.77 Transition and savings provisions
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A. The repeal of Chapter 2 (§ 50-44 et seq.) of this title shall not impair the continued existence of a limited partnership formed prior to January 1, 1987. B. The provisions of this chapter requiring limited partnerships formed under the laws of the Commonwealth (i) to file a c…
Va. Code Ann. § 50-73.78 Limited partnership as registered limited liability partnership
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A. A limited partnership is a registered limited liability partnership as well as a limited partnership if it: 1. Registers as a limited liability partnership as provided in § 50-73.132 of the Virginia Uniform Partnership Act (§ 50-73.79 et seq.), as permitted by its written part…