§ 50-73.130. Repealed
Repealed by Acts 2007, c. 771, cl. 2.
§ 50-73.131. Statement of merger
A. After a plan of merger is approved, the surviving partnership or limited partnership shall file with the Commission a statement of merger on behalf of the partnerships that have filed either a statement of partnership authority or a statement of registration as a registered limited liability partnership that is not canceled. B. A statement […]
§ 50-73.126. Conversion of limited partnership to partnership
A. A limited partnership may be converted to a partnership pursuant to this section. B. Notwithstanding a provision to the contrary in a limited partnership agreement, the terms and conditions of a conversion of a limited partnership to a partnership shall be approved by all of the partners. C. After the conversion is approved by […]
§ 50-73.127. Effect of conversion; entity unchanged
A. A limited partnership that has been converted pursuant to this article is for all purposes the same entity that existed before the conversion. B. When a conversion takes effect: 1. All property owned by the converting limited partnership remains vested in the resulting partnership; 2. All obligations of the converting limited partnership continue as […]
§ 50-73.128. Merger of partnerships
A. Pursuant to a written plan of merger approved as provided in subsection C, a partnership may be merged with one or more domestic or foreign partnerships, limited partnerships, limited liability companies, business trusts, or corporations if: 1. The merger is not prohibited by the partnership agreement of any domestic partnership that is a party […]
§ 50-73.129. Effect of merger
A. When a merger takes effect: 1. The separate existence of every partnership or limited partnership that is a party to the merger, other than the surviving entity, ceases; 2. All property owned by each of the merged partnerships or limited partnerships vests in the surviving entity; 3. All obligations of every partnership or limited […]
§ 50-73.125. Repealed
Repealed by Acts 2007, c. 631, cl. 4.
§ 50-73.124. Definitions
In this article: “General partner” means a partner in a partnership and a general partner in a limited partnership. “Limited partner” means a limited partner in a limited partnership. “Limited partnership” means a limited partnership created under the Virginia Revised Uniform Limited Partnership Act, predecessor law, or comparable law of another jurisdiction. “Partner” includes both […]