Va. Code » Title 50. Partnerships » Chapter 2.2. Virginia Uniform Partnership Act » Article 5. Transferees and Creditors of Partner
Virginia Code

Va. Code Ann. § 50-73.106 (2026)

Partner's transferable interest in partnership

✓ current as of May 2026
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The only transferable interest of a partner in the partnership is the partner's share of the profits and losses of the partnership and the partner's right to receive distributions. The interest is personal property.

1996, c. 292.

Notes of Decisions
Cited in 3 cases, 2000–2011 · leading case: Ott v. Monroe, 282 Va. 403 (Va. 2011).
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Ott v. Monroe, 282 Va. 403 (Va. 2011). · cites it 2× “Thus, the control interest in 2 This limitation was preserved in Code § 50-73.106 when Chapter 1 of Title 50 was repealed and replaced upon the enactment of the Virginia Uniform Partnership Act in 1996.”
Ainslie v. Inman, 92 Va. Cir. 425 (Chesapeake Cir. Ct. 2001). · cites it 2× “Va. Code Ann. § 50-73.106 (Michie 1998). A partnership interest is a general intangible and if offered as security, it falls within the purview of Article 9 of the Uniform Commercial Code as adopted in Virginia.”
Harrell v. Crestar Bank, 52 Va. Cir. 227 (Norfolk Cir. Ct. 2000). · cites it 3× “Va. Code § 50-73.106. The Virginia UPA further provides that the transfer of a partner’s transferable interest in a partnership does not entitle the transferee to participate in the management or conduct of the partnership business.”
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