Va. Code » Title 50. Partnerships » Chapter 2.2. Virginia Uniform Partnership Act » Article 6. Partner's Dissociation
Virginia Code

Va. Code Ann. § 50-73.111 (2026)

Effect of partner's dissociation

✓ current as of May 2026
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A. If a partner's dissociation results in a dissolution and winding up of the partnership business, Article 8 applies; otherwise, Article 7 applies.

B. Upon a partner's dissociation:

1. The partner's right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in § 50-73.119;

2. The partner's duty of loyalty under subdivision B 3 of § 50-73.102 terminates; and

3. The partner's duty of loyalty under subdivisions B 1 and B 2 of § 50-73.102 and duty of care under subsection C of § 50-73.102 continue only with regard to matters arising and events occurring before the partner's dissociation, unless the partner participates in winding up the partnership's business pursuant to § 50-73.119.

1996, c. 292.

Notes of Decisions
Cited in 4 cases (3 in the last 5 years), 2000–2024 · leading case: In Re Garrison-Ashburn L.C., 253 B.R. 700 (Bankr. E.D. Va. 2000).
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In Re Garrison-Ashburn L.C., 253 B.R. 700 (Bankr. E.D. Va. 2000). “§ 50-73.111 (effective July 1, 1997) which addresses the effect of a partner’s dissociation.”
Danial Selario, etc. v. Cynthia Sullivan (Va. Ct. App. 2024). · cites it 5× “” Code §§ 50-73.111, -73.123(A). Then “each partner is entitled to a settlement of all partnership accounts.”
Danette Mertz v. Cynthia Sullivan (Va. Ct. App. 2024). · cites it 5× “” Code §§ 50-73.111, -73.123(A). Then “each partner is entitled to a settlement of all partnership accounts.”
Cynthia Sullivan v. Danial Selario, as Adm'r of the Est. of Christopher Selario, e (Va. Ct. App. 2024). · cites it 5× “” Code §§ 50-73.111, -73.123(A). Then “each partner is entitled to a settlement of all partnership accounts.”
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