{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/50-73.48.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/50-73.48.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/50-73.48.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/50-73.48.html"}],"law_id":366817,"edition_id":2,"section_id":366817,"structure_id":52269,"section_number":"50-73.48","catch_line":"Power of estate of deceased or incapacitated partner","history":"1985, c. 607; 1997, c. 801.","full_text":"If a partner who is an individual dies or a court of competent jurisdiction adjudges him to be incapacitated, the partner’s executor, administrator, conservator, or other legal representative may exercise all the partner’s rights for the purpose of settling his estate or administering his property including any power the partner had to give an assignee the right to become a limited partner. If a partner is a corporation, trust, or other entity and is dissolved or terminated, the powers of that partner may be exercised by its legal representative or successor.\n\n","order_by":null,"text":{"0":{"id":1365664,"text":"If a partner who is an individual dies or a court of competent jurisdiction adjudges him to be incapacitated, the partner’s executor, administrator, conservator, or other legal representative may exercise all the partner’s rights for the purpose of settling his estate or administering his property including any power the partner had to give an assignee the right to become a limited partner. If a partner is a corporation, trust, or other entity and is dissolved or terminated, the powers of that partner may be exercised by its legal representative or successor.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":52269,"edition_id":2,"name":"Assignment of Partnership Interests","identifier":"7","label":"article","depth":3,"order_by":7,"parent_id":52253,"metadata":{"child_laws":6,"child_structures":0},"date_created":"2026-08-02 02:56:53","date_modified":"2026-08-02 12:34:29","permalink":{"id":1461537,"object_type":"structure","relational_id":52269,"identifier":"7","token":"50\/2.1\/7","url":"\/50\/2.1\/7\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52253,"edition_id":2,"name":"Virginia Revised Uniform Limited Partnership Act","identifier":"2.1","label":"chapter","depth":2,"order_by":1,"parent_id":52250,"metadata":{"child_laws":105,"child_structures":13},"date_created":"2026-08-02 02:56:42","date_modified":"2026-08-02 12:34:28","permalink":{"id":1461245,"object_type":"structure","relational_id":52253,"identifier":"2.1","token":"50\/2.1","url":"\/50\/2.1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52250,"edition_id":2,"name":"Partnerships","identifier":"50","label":"title","depth":1,"order_by":107,"parent_id":null,"metadata":{"child_laws":185,"child_structures":29},"date_created":"2026-08-02 02:56:42","date_modified":"2026-08-02 12:34:28","permalink":{"id":1461231,"object_type":"structure","relational_id":52250,"identifier":"50","token":"50","url":"\/50\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":366812,"structure_id":52269,"section_number":"50-73.44","catch_line":"Nature of partnership interest","url":"\/50-73.44\/","token":"50\/2.1\/7\/50-73.44","metadata":false},{"id":366813,"structure_id":52269,"section_number":"50-73.45","catch_line":"Assignment of partnership interest","url":"\/50-73.45\/","token":"50\/2.1\/7\/50-73.45","metadata":false},{"id":366814,"structure_id":52269,"section_number":"50-73.46","catch_line":"Repealed","url":"\/50-73.46\/","token":"50\/2.1\/7\/50-73.46","metadata":false},{"id":366815,"structure_id":52269,"section_number":"50-73.46:1","catch_line":"Partner's transferable interest subject to charging order","url":"\/50-73.46_1\/","token":"50\/2.1\/7\/50-73.46_1","metadata":{"court_decisions":{"0":{"name":"FIRST UNION NAT. BANK OF VIRGINIA v. Craun","case_number":"Civ. A. 93-0056-H","citation":"853 F. Supp. 209","date":"1994-05-13","url":"https:\/\/www.courtlistener.com\/opinion\/1517558\/first-union-nat-bank-of-virginia-v-craun\/","abstract":" .\u202f.\u202f. 853 F.Supp. 209 (1994) .\u202f.\u202f. ","court_html":"District Court, W.D. Virginia"}}}},{"id":366816,"structure_id":52269,"section_number":"50-73.47","catch_line":"Right of assignee to become limited partner","url":"\/50-73.47\/","token":"50\/2.1\/7\/50-73.47","metadata":{"court_decisions":""}},{"id":366817,"structure_id":52269,"section_number":"50-73.48","catch_line":"Power of estate of deceased or incapacitated partner","url":"\/50-73.48\/","token":"50\/2.1\/7\/50-73.48","metadata":{"court_decisions":""}}],"previous_section":{"id":366816,"structure_id":52269,"section_number":"50-73.47","catch_line":"Right of assignee to become limited partner","url":"\/50-73.47\/","token":"50\/2.1\/7\/50-73.47","metadata":{"court_decisions":""}},"metadata":{"court_decisions":""},"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.48\/","history_text":"

This law was first created in 1985. The record of its establishment is cataloged in chapter 607 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1985 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1997, chapter 801<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1461559,"object_type":"law","relational_id":366817,"identifier":"50-73.48","token":"50\/2.1\/7\/50-73.48","url":"\/50-73.48\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/50-73.48\/","token":"50\/2.1\/7\/50-73.48","dublin_core":{"Title":"Power of estate of deceased or incapacitated partner","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.48","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

If a partner who is an individual dies or a court<\/span> of competent jurisdiction<\/span> adjudges him to be incapacitated, the partner’s executor, administrator, conservator, or other legal representative may exercise all the partner’s rights for the purpose of settling his estate or administering his property including any power the partner had to give an assignee the right to become a limited partner<\/span>. If a partner is a corporation, trust, or other entity<\/span> and is dissolved or terminated, the powers of that partner may be exercised by its legal representative or successor.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPOWER OF ESTATE OF DECEASED OR INCAPACITATED PARTNER (\u00a7 50-73.48)\n\nIf a partner who is an individual dies or a court of competent jurisdiction\nadjudges him to be incapacitated, the partner’s executor, administrator,\nconservator, or other legal representative may exercise all the partner’s\nrights for the purpose of settling his estate or administering his property\nincluding any power the partner had to give an assignee the right to become a\nlimited partner. If a partner is a corporation, trust, or other entity and is\ndissolved or terminated, the powers of that partner may be exercised by its\nlegal representative or successor.\n\nHISTORY: 1985, c. 607; 1997, c. 801.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}