2011 Code of Virginia
Title 50 PARTNERSHIPS.
Chapter 2.2 Virginia Uniform Partnership Act (50-73.79 thru 50-73.150)
50-73.122 Partner's liability to other partners after dissolution


VA Code § 50-73.122 (2001 through Reg Session) What's This?

50-73.122. Partner's liability to other partners after dissolution.

A. Except as otherwise provided in subsection B of this section or in subsection C of 50-73.96, after dissolution a partner is liable to the other partners for the partner's share of any partnership liability incurred under 50-73.120.

B. A partner who, with knowledge of the dissolution, causes the partnership to incur a liability under subdivision 2 of 50-73.120 by an act that is not appropriate for winding up the partnership business is liable to the partnership for any damage caused to the partnership arising from the liability.

(1996, c. 292.)

Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.