Va. Code Ann. § 50-73.103
Actions by partnership and partners
Redline — June 1, 2021 → current.View current text →
Current — September 1, 2022
As of June 1, 2021
(1) A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership.
(1) A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership.
(2) A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting as to partnership business, to: Enforce that partner's rights under the partnership agreement;
(2) A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting as to partnership business, to: Enforce that partner’s rights under the partnership agreement;
(3) Enforce that partner's rights under this chapter, including: That partner's rights under §§ 50-73.99, 50-73.101, or § 50-73.102;
(3) Enforce that partner’s rights under this chapter, including: That partner’s rights under §§ 50-73.99, 50-73.101, or § 50-73.102;
(4) That partner's right on dissociation to have the partner's interest in the partnership purchased pursuant to § 50-73.112 or enforce any other right under Article 6 or Article 7; or
(4) That partner’s right on dissociation to have the partner’s interest in the partnership purchased pursuant to § 50-73.112 or enforce any other right under Article 6 or Article 7; or
(5) That partner's right to compel a dissolution and winding up of the partnership business under § 50-73.117 or enforce any other right under Article 8; or
(5) That partner’s right to compel a dissolution and winding up of the partnership business under § 50-73.117 or enforce any other right under Article 8; or
(6) Enforce the rights and otherwise protect the interests of that partner, including rights and interests arising independently of the partnership relationship.
(6) The accrual of, and any time limitation on, a right of action for a remedy under this section is governed by other law. A right to an accounting upon a dissolution and winding up does not revive a claim barred by law.
Michie's Jurisprudence. - For related discussion, see 14A M.J. Partnership, §§ 52, 55.
3. Enforce the rights and otherwise protect the interests of that partner, including rights and interests arising independently of the partnership relationship.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.