{"data":{"id":"us-va/va.-code-50-73.114","jurisdiction":"us-va","citation":"Va. Code § 50-73.114","heading":"Dissociated partner's liability to other persons","body":"A. A partner's dissociation does not of itself discharge the partner's liability for a partnership obligation incurred before dissociation. A dissociated partner is not liable for a partnership obligation incurred after dissociation, except as otherwise provided in subsection B.B. A partner who dissociates without resulting in a dissolution and winding up of the partnership business is liable as a partner to the other party in a transaction entered into by the partnership, or a surviving partnership under Article 9, within one year after the partner's dissociation, only if the obligation is one for which he would be liable under § 50-73.96 if he were a partner and at the time of entering into the transaction the other party:1. Reasonably believed that the dissociated partner was then a partner;2. Did not have notice of the partner's dissociation; and3. Is not deemed to have had knowledge under subsection E of § 50-73.93 or notice under subsection C of § 50-73.115.C. By agreement with the partnership creditor and the partners continuing the business, a dissociated partner may be released from liability for a partnership obligation.D. A dissociated partner is released from liability for a partnership obligation if a partnership creditor, with notice of the partner's dissociation but without the partner's consent, agrees to a material alteration in the nature or time of payment of a partnership obligation.1996, c. 292.","path":["Title 50. PARTNERSHIPS","Chapter 2.2. VIRGINIA UNIFORM PARTNERSHIP ACT","Article 7. PARTNER'S DISSOCIATION WHEN BUSINESS NOT WOUND UP"],"source_url":"https://law.lis.virginia.gov/vacode/50-73.114/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:16:59Z","sha256":"a7d748cd7a46f6bb7e25c430c62e7bd01ab16f1a9af55278479fe57bb9376d35","source_id":"us-va","stale":true,"prev":"us-va/va.-code-50-73.113","next":"us-va/va.-code-50-73.115"},"notice":"GroundRules: Original legal text. Not legal advice."}