{"law_id":"785402","section_number":"50-73.111","catch_line":"Effect of partner’s dissociation","history":"1996, c. 292.","order_by":null,"metadata":false,"court_decisions":{"0":{"name":"In Re Garrison-Ashburn, LC","case_number":"00-11478-SSM","citation":"253 B.R. 700","date":"2000-08-25","url":"https:\/\/www.courtlistener.com\/opinion\/1967311\/in-re-garrison-ashburn-lc\/","abstract":" .\u202f.\u202f. 1996 General Assembly enacted VA. CODE ANN. \u00a7 50-73.111 (effective July 1, 1997) which addresses .\u202f.\u202f. ","court_html":"United States Bankruptcy Court, E.D. Virginia"}},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/50-73.111\/","refers_to":false,"url":"\/50-73.111\/","token":"50\/2.2\/6\/50-73.111","structure":{"1":{"id":"3281","name":"Partner's Dissociation","identifier":"6","label":"article","url":"\/50\/2.2\/6\/"},"2":{"id":"285","name":"Virginia Uniform Partnership Act","identifier":"2.2","label":"chapter","url":"\/50\/2.2\/"},"3":{"id":"238","name":"Partnerships","identifier":"50","label":"title","url":"\/50\/"}},"referred_to_by":[{"id":"786579","section_number":"50-73.112","catch_line":"Purchase of dissociated partner's interest","url":"\/50-73.112\/"}],"edition_id":"11","section_id":"785402","structure_id":"3281","full_text":"A If a partner’s dissociation results in a dissolution and winding up of the partnership business, Article 8 applies; otherwise, Article 7 applies.\r\rB Upon a partner’s dissociation:\r\r","text":{"0":{"id":"2533437","text":"If a partner’s dissociation results in a dissolution and winding up of the partnership business, Article 8 applies; otherwise, Article 7 applies.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1},"1":{"id":"2533438","text":"Upon a partner’s dissociation:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1},"2":{"id":"2533439","text":" The partner’s right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in \u00a7 50-73.119;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2},"3":{"id":"2533440","text":" The partner’s duty of loyalty under subdivision B 3 of \u00a7 50-73.102 terminates; and","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2},"4":{"id":"2533441","text":" The partner’s duty of loyalty under subdivisions B 1 and B 2 of \u00a7 50-73.102 and duty of care under subsection C of \u00a7 50-73.102 continue only with regard to matters arising and events occurring before the partner’s dissociation, unless the partner participates in winding up the partnership’s business pursuant to \u00a7 50-73.119.","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2}},"ancestry":{"1":{"id":"3281","name":"Partner's Dissociation","identifier":"6","label":"article","url":"\/50\/2.2\/6\/"},"2":{"id":"285","name":"Virginia Uniform Partnership Act","identifier":"2.2","label":"chapter","url":"\/50\/2.2\/"},"3":{"id":"238","name":"Partnerships","identifier":"50","label":"title","url":"\/50\/"}},"structure_contents":{"0":{"id":"793192","structure_id":"3281","section_number":"50-73.109","catch_line":"Events causing partner's dissociation","url":"\/50-73.109\/","token":"50\/2.2\/6\/50-73.109"},"1":{"id":"775604","structure_id":"3281","section_number":"50-73.110","catch_line":"Partner's power to dissociate; wrongful dissociation","url":"\/50-73.110\/","token":"50\/2.2\/6\/50-73.110"},"2":{"id":"785402","structure_id":"3281","section_number":"50-73.111","catch_line":"Effect of partner's dissociation","url":"\/50-73.111\/","token":"50\/2.2\/6\/50-73.111"}},"previous_section":{"id":"775604","structure_id":"3281","section_number":"50-73.110","catch_line":"Partner's power to dissociate; wrongful dissociation","url":"\/50-73.110\/","token":"50\/2.2\/6\/50-73.110"},"references":false,"formats":{"txt":"\/50-73.111.txt","json":"\/50-73.111.json","xml":"\/50-73.111.xml"},"dublin_core":{"Title":"Effect of partner’s dissociation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.111","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nEFFECT OF PARTNER’S DISSOCIATION (\u00a7 50-73.111)\n\nA. If a partner’s dissociation results in a dissolution and winding up of\nthe partnership business, Article 8 applies; otherwise, Article 7 applies.\n\nB. Upon a partner’s dissociation:\n\n   1.  The partner’s right to participate in the management and conduct of\n   the partnership business terminates, except as otherwise provided in \u00a7\n   50-73.119;\n\n   2.  The partner’s duty of loyalty under subdivision B 3 of \u00a7 50-73.102\n   terminates; and\n\n   3.  The partner’s duty of loyalty under subdivisions B 1 and B 2 of \u00a7\n   50-73.102 and duty of care under subsection C of \u00a7 50-73.102 continue only\n   with regard to matters arising and events occurring before the partner’s\n   dissociation, unless the partner participates in winding up the\n   partnership’s business pursuant to \u00a7 50-73.119.\n\nHISTORY: 1996, c. 292."}