Va. Code § 50-73.103: Actions by partnership and partners
Where this section sits in the code
- Title 50. PARTNERSHIPS
- Chapter 2.2. VIRGINIA UNIFORM PARTNERSHIP ACT
- Article 4. RELATIONS OF PARTNERS TO EACH OTHER AND TO PARTNERSHIP
A. 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.B. 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:1. Enforce that partner's rights under the partnership agreement;2. Enforce that partner's rights under this chapter, including:a. That partner's rights under §§ 50-73.99, 50-73.101, or § 50-73.102;b. 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; orc. 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; or3. Enforce the rights and otherwise protect the interests of that partner, including rights and interests arising independently of the partnership relationship.C. 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.1996, c. 292.
Collected 2026-09-04T15:16:59Z. Source file · JSON