A. A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership.
B. A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting as to partnership business, to:
1. Enforce that partner's rights under the partnership agreement;
2. Enforce that partner's rights under this chapter, including:
a. That partner's rights under §§ 50-73.99, 50-73.101, or § 50-73.102;
b. That partner's right on dissociation to have the partner's interest in the partnership purchased pursuant to § 50-73.112 or enforce any other right under Article 6 or Article 7; or
c. That partner's right to compel a dissolution and winding up of the partnership business under § 50-73.117 or enforce any other right under Article 8; or
3. Enforce the rights and otherwise protect the interests of that partner, including rights and interests arising independently of the partnership relationship.
C. The accrual of, and any time limitation on, a right of action for a remedy under this section is governed by other law. A right to an accounting upon a dissolution and winding up does not revive a claim barred by law.
1996, c. 292.
Notes of Decisions
Cited in
4
cases (
1 in the last 5 years), 2006–2025 · leading case:
Phyllis Adele Johnson (Bankr. W.D. Va. 2020).
Phyllis Adele Johnson (Bankr. W.D. Va. 2020).
· cites it 2× “103(B)(2)(a) provides that “A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting as to partnership business, to: [e]nforce that partner’s rights under this chapter, including .”
Girolama M. Lopiccolo v. Able Archer, LLC (Va. Ct. App. 2025).
· cites it 2× “See Code § 50-73.103(B). The pivotal issue here is whether the allegations in the amended complaint, and all reasonable inferences drawn therefrom, are sufficient to show that a joint venture existed.”
Poco Loco, L.L.C. v. Barnes, 72 Va. Cir. 165 (Fairfax Cir. Ct. 2006).
“Count IV: §§ 50-73.103 and 50-73.112 (against Donna Moseley only) A dissociated partner may maintain an action against a partnership and/or other partners to determine the buyout price of a partner’s interest so long as that action is commenced within 120 days after the…”
Woodie v. Woodie, 73 Va. Cir. 394 (Roanoke County Cir. Ct. 2007).
“See § 50-73.103(B) and § 50-73.117(5), Code of Virginia (1950), as amended.”
Va. Code Ann. § 50-73.103(B): 2 cases
Girolama M. Lopiccolo v. Able Archer, LLC (Va. Ct. App. 2025).
“See Code § 50-73.103(B). The pivotal issue here is whether the allegations in the amended complaint, and all reasonable inferences drawn therefrom, are sufficient to show that a joint venture existed.”
Woodie v. Woodie, 73 Va. Cir. 394 (Roanoke County Cir. Ct. 2007).
“See § 50-73.103(B) and § 50-73.117(5), Code of Virginia (1950), as amended.”
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