Va. Code Ann. § 50-73.91

Partner agent of partnership

Known as the Virginia Uniform Partnership Act

The act spans §§ 50–50 (76 sections).

Applied in 3 court decisions — leading case 895 F. Supp. 2d 148 - Fawehinmi v. Lincoln Holdings, LLC (2012)

Most recently applied in 895 F. Supp. 2d 148 - Fawehinmi v. Lincoln Holdings, LLC (September 2012)

1996, c. 292.

How often courts cite this section

citing decisions per year

Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

Subject to the effect of a statement of partnership authority under § 50-73.93:

1. Each partner is an agent of the partnership for the purpose of its business. An act of a partner, including the execution of an instrument in the partnership name, for apparently carrying on in the ordinary course the partnership business or business of the kind carried on by the partnership binds the partnership, unless the partner had no authority to act for the partnership in the particular matter and the person with whom the partner was dealing knew or had received a notification that the partner lacked authority.

2. An act of a partner which is not apparently for carrying on in the ordinary course the partnership business or business of the kind carried on by the partnership binds the partnership only if the act was authorized by the other partners.

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