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Va. Code Ann. § 50-73.79

Definitions

Redline — June 1, 2021 → current.View current text →
Current — March 1, 2022
As of June 1, 2021
In this chapter:
In this chapter:
"Business" includes every trade, occupation, and profession.
“Business” includes every trade, occupation, and profession.
"Commission" means the State Corporation Commission of Virginia.
“Commission” means the State Corporation Commission of Virginia.
"Debtor in bankruptcy" means a person who is the subject of:
“Debtor in bankruptcy” means a person who is the subject of:
(1) an order for relief under Title 11 of the United States Code or a comparable order under a successor statute of general application; or
(1) an order for relief under Title 11 of the United States Code or a comparable order under a successor statute of general application; or
(2) a comparable order under federal, state, or foreign law governing insolvency. "Distribution" means a transfer of money or other property from a partnership to a partner in the partner's capacity as a partner or to the partner's transferee. "Foreign registered limited liability partnership" means a limited liability partnership or registered limited liability partnership, or the functional equivalent thereof, formed pursuant to an agreement governed by the laws of any state or jurisdiction other than this Commonwealth and registered as a limited liability partnership under the laws of that state or jurisdiction. "Partnership" means an association of two or more persons to carry on as co-owners a business for profit formed under § 50-73.88, predecessor law, or comparable law of another jurisdiction, and includes, for all purposes of the laws of this Commonwealth, a registered limited liability partnership. "Partnership agreement" means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement. "Partnership at will" means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking. "Partnership interest" or "partner's interest in the partnership" means all of a partner's interests in the partnership, including the partner's transferable interest and all management and other rights. "Person" means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, government, governmental subdivision, agency, or instrumentality, or any other legal or commercial entity. "Principal office" means the office, in or out of the Commonwealth, where the chief executive offices of a domestic or foreign partnership or registered limited liability partnership are located. "Property" means all property, real, personal, or mixed, tangible or intangible, or any interest therein. "Registered limited liability partnership" means a partnership formed pursuant to an agreement governed by the laws of this Commonwealth and registered under § 50-73.132. "State" means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or insular possession subject to the jurisdiction of the United States. "Statement" means a statement of partnership authority under § 50-73.93, a statement of denial under § 50-73.94, a statement of dissociation under § 50-73.115, a statement of dissolution under § 50-73.121, a statement of merger under § 50-73.131, a statement of registration as a registered limited liability partnership under § 50-73.132, a statement of registration as a foreign registered limited liability partnership under § 50-73.138, an amendment or cancellation of any of the foregoing or a renewal of a statement of partnership authority. "Transfer" includes an assignment, conveyance, lease, mortgage, deed, and encumbrance.
(2) a comparable order under federal, state, or foreign law governing insolvency. “Distribution” means a transfer of money or other property from a partnership to a partner in the partner’s capacity as a partner or to the partner’s transferee. “Foreign registered limited liability partnership” means a limited liability partnership or registered limited liability partnership, or the functional equivalent thereof, formed pursuant to an agreement governed by the laws of any state or jurisdiction other than this Commonwealth and registered as a limited liability partnership under the laws of that state or jurisdiction. “Partnership” means an association of two or more persons to carry on as co-owners a business for profit formed under § 50-73.88, predecessor law, or comparable law of another jurisdiction, and includes, for all purposes of the laws of this Commonwealth, a registered limited liability partnership. “Partnership agreement” means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement. “Partnership at will” means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking. “Partnership interest” or “partner’s interest in the partnership” means all of a partner’s interests in the partnership, including the partner’s transferable interest and all management and other rights. “Person” means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, government, governmental subdivision, agency, or instrumentality, or any other legal or commercial entity. “Principal office” means the office, in or out of the Commonwealth, where the chief executive offices of a domestic or foreign partnership or registered limited liability partnership are located. “Property” means all property, real, personal, or mixed, tangible or intangible, or any interest therein. “Registered limited liability partnership” means a partnership formed pursuant to an agreement governed by the laws of this Commonwealth and registered under § 50-73.132. “State” means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or insular possession subject to the jurisdiction of the United States. “Statement” means a statement of partnership authority under § 50-73.93, a statement of denial under § 50-73.94, a statement of dissociation under § 50-73.115, a statement of dissolution under § 50-73.121, a statement of merger under § 50-73.131, a statement of registration as a registered limited liability partnership under § 50-73.132, a statement of registration as a foreign registered limited liability partnership under § 50-73.138, an amendment or cancellation of any of the foregoing or a renewal of a statement of partnership authority. “Transfer” includes an assignment, conveyance, lease, mortgage, deed, and encumbrance.
Uniform law cross references. - For other Uniform Partnership Act (1992/1994/1997) signatory state provisions, see:
Alabama: Code of Ala. § 10A-8A-1.01 et seq.
Alaska: Alaska Stat. §§ 32.06.201 to 32.06.997.
Arizona: A.R.S. §§ 29-1001 to 29-1111.
Arkansas: A.C.A. §§ 4-46-101 to 4-46-1207.
California: Cal. Corp. Code §§ 16100 to 16962.
Colorado: C.R.S. §§ 7-64-101 to 7-64-1206.
Connecticut: Conn. Gen. Stat. § 34-300 et seq.
Delaware: 6 Del. C. §§ 15-101 to 15-1210.
District of Columbia: D.C. Code § 29-601.01 et seq.
Florida: Fla. Stat. §§ 620.81001 to 620.9902.
Georgia: O.C.G.A. Section 14-8-1 et seq.
Hawaii: H.R.S. § 425-101 et seq.
Idaho: Idaho Code § 30-23-101 et seq.
Illinois: 805 I.L.C.S. 206/100 to 206/1299.
Indiana: Burns Ind. Code Ann. § 23-4-1-1 et seq.
Iowa: Iowa Code §§ 486A.101 to 486A.1302.
Kansas: K.S.A. §§ 56a-101 to 56a-1305.
Kentucky: K.R.S. § 362.1-101 et seq.
Maine: 31 M.R.S. § 1001 et seq.
Maryland: Md. Corporations and Associations Code Ann. § 9A-101 et seq.
Minnesota: Minn. Stat. § 323A.0101 et seq.
Mississippi: Miss. Code Ann. §§ 79-13-101 to 79-13-1206.
Missouri: § 358.010 R.S.Mo. et seq.
Montana: Mont. Code Anno. § 35-10-701 et seq.
Nebraska: R.R.S. Neb. §§ 67-401 to 67-467.
Nevada: Nev. Rev. Stat. Ann. § 87.010 et seq.
New Hampshire: RSA 304-A:1 et seq.
New Jersey: N.J. Stat. §§ 42:1A-1 to 42:1A-56.
New Mexico: N.M. Stat. Ann. §§ 54-1 A-101 to 54-1 A-1206.
North Carolina: N.C. Gen. Stat. § 59-31 et seq.
Ohio: O.R.C. Ann. § 1776.01 et seq.
Oklahoma: 54 Okl. St. §§ 1-100 to 1-1207.
Oregon: O.R.S. §§ 68.010 to 68.640.
Pennsylvania: 15 Pa.C.S. § 8411 et seq.
Rhode Island: R.I. Gen. Laws Section 7-12-12 et seq.
South Carolina: S.C. Code Ann. § 33-41-10 et seq.
South Dakota S.D. Codified Laws §§ 48-7 A-101 to 48-7 A-1208.
Tennessee: Tenn. Code Ann. §§ 61-1-101 to 61-1-1208.
Utah: Utah Code Ann. § 48-1 d-101 et seq.
Vermont: 11 V.S.A. §§ 3201 to 3313.
Virgin Islands: 26 V.I.C. §§ 1 to 274.
Washington: Rev. Code Wash. §§ 25.05.005 to 25.05.907.
West Virginia: W. Va. Code §§ 47B-1-1 to 47B-11-5.
Wisconsin: Wis. Stat. § 178.0101 et seq.
Wyoming: Wyo. Stat. §§ 17-21-101 to 17-21-1105.

Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.