{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/50-73.85.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/50-73.85.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/50-73.85.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/50-73.85.html"}],"law_id":366877,"edition_id":2,"section_id":366877,"structure_id":52276,"section_number":"50-73.85","catch_line":"Transactions between partner and partnership","history":"1996, c. 292.","full_text":"A partner may lend money to and transact other business with the partnership, and as to each loan or transaction, the rights and obligations of the partner are the same as those of a person who is not a partner, subject to other applicable law.\n\n","order_by":null,"text":{"0":{"id":1365976,"text":"A partner may lend money to and transact other business with the partnership, and as to each loan or transaction, the rights and obligations of the partner are the same as those of a person who is not a partner, subject to other applicable law.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":52276,"edition_id":2,"name":"General Provisions","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":52255,"metadata":{"child_laws":8,"child_structures":0},"date_created":"2026-08-02 02:56:59","date_modified":"2026-08-02 12:34:30","permalink":{"id":1461695,"object_type":"structure","relational_id":52276,"identifier":"1","token":"50\/2.2\/1","url":"\/50\/2.2\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52255,"edition_id":2,"name":"Virginia Uniform Partnership Act","identifier":"2.2","label":"chapter","depth":2,"order_by":4,"parent_id":52250,"metadata":{"child_laws":76,"child_structures":11},"date_created":"2026-08-02 02:56:43","date_modified":"2026-08-02 12:34:30","permalink":{"id":1461693,"object_type":"structure","relational_id":52255,"identifier":"2.2","token":"50\/2.2","url":"\/50\/2.2\/","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":366870,"structure_id":52276,"section_number":"50-73.79","catch_line":"Definitions","url":"\/50-73.79\/","token":"50\/2.2\/1\/50-73.79","metadata":false},{"id":366872,"structure_id":52276,"section_number":"50-73.80","catch_line":"Knowledge and notice","url":"\/50-73.80\/","token":"50\/2.2\/1\/50-73.80","metadata":false},{"id":366873,"structure_id":52276,"section_number":"50-73.81","catch_line":"Effect of partnership agreement; nonwaivable provisions","url":"\/50-73.81\/","token":"50\/2.2\/1\/50-73.81","metadata":false},{"id":366874,"structure_id":52276,"section_number":"50-73.82","catch_line":"Supplemental principles of law","url":"\/50-73.82\/","token":"50\/2.2\/1\/50-73.82","metadata":false},{"id":366875,"structure_id":52276,"section_number":"50-73.83","catch_line":"Execution, filing, and recording of statements; effective time and date; refunds; penalty","url":"\/50-73.83\/","token":"50\/2.2\/1\/50-73.83","metadata":false},{"id":366876,"structure_id":52276,"section_number":"50-73.84","catch_line":"Law governing internal relations","url":"\/50-73.84\/","token":"50\/2.2\/1\/50-73.84","metadata":false},{"id":366877,"structure_id":52276,"section_number":"50-73.85","catch_line":"Transactions between partner and partnership","url":"\/50-73.85\/","token":"50\/2.2\/1\/50-73.85","metadata":false},{"id":366878,"structure_id":52276,"section_number":"50-73.86","catch_line":"Partnership subject to amendment or repeal of chapter","url":"\/50-73.86\/","token":"50\/2.2\/1\/50-73.86","metadata":false}],"previous_section":{"id":366876,"structure_id":52276,"section_number":"50-73.84","catch_line":"Law governing internal relations","url":"\/50-73.84\/","token":"50\/2.2\/1\/50-73.84","metadata":false},"next_section":{"id":366878,"structure_id":52276,"section_number":"50-73.86","catch_line":"Partnership subject to amendment or repeal of chapter","url":"\/50-73.86\/","token":"50\/2.2\/1\/50-73.86","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/50-73.85\/","history_text":"

This law was first created in 1996. The record of its establishment is cataloged in chapter 292<\/a> 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.<\/p>","references":false,"refers_to":false,"permalink":{"id":1461721,"object_type":"law","relational_id":366877,"identifier":"50-73.85","token":"50\/2.2\/1\/50-73.85","url":"\/50-73.85\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/50-73.85\/","token":"50\/2.2\/1\/50-73.85","dublin_core":{"Title":"Transactions between partner and partnership","Type":"Text","Format":"text\/html","Identifier":"\u00a7 50-73.85","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A partner may lend money to and transact other business<\/span> with the partnership<\/span>, and as to each loan or transaction, the rights and obligations of the partner are the same as those of a person<\/span> who is not a partner, subject to other applicable law<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTRANSACTIONS BETWEEN PARTNER AND PARTNERSHIP (\u00a7 50-73.85)\n\nA partner may lend money to and transact other business with the partnership,\nand as to each loan or transaction, the rights and obligations of the partner\nare the same as those of a person who is not a partner, subject to other\napplicable law.\n\nHISTORY: 1996, c. 292.","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"}}