CODE OF VIRGINIA

GENERAL POWERS AND LIABILITIES (§ 50-73.29)

A. Except as provided in this chapter or in the partnership agreement, a general
partner of a limited partnership has the rights and powers of a partner in a
partnership without limited partners.

B. Except as provided in this chapter, a general partner of a limited
partnership has the liabilities of a partner in a partnership without limited
partners to persons other than the partnership and the other partners. Except as
provided in this chapter or in the partnership agreement, a general partner of a
limited partnership has the liabilities of a partner in a partnership without
limited partners to the partnership and to the other partners.

HISTORY: 1985, c. 607.