Virginia Code

Va. Code Ann. § 50-73.27 (2026)

Admission of additional general partners

✓ laws through the 2026 session (checked Sept. 2026)
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After the filing of a limited partnership's initial certificate of limited partnership, additional general partners may be admitted as provided in the partnership agreement or, if the partnership agreement does not provide for the admission of additional general partners, with the written consent of all partners. A person may be admitted to a limited partnership as a general partner of the limited partnership and may receive a partnership interest in the limited partnership without making a contribution or being obligated to make a contribution to the limited partnership. Unless otherwise provided in a partnership agreement, a person may be admitted to a limited partnership as a general partner of the limited partnership without acquiring a partnership interest in the limited partnership.

1985, c. 607; 2015, c. 614.

Notes of Decisions
Cited in 1 case, 2010–2010 · leading case: Smith v. Smith, 81 Va. Cir. 135 (Fairfax Cir. Ct. 2010).
Smith v. Smith, 81 Va. Cir. 135 (Fairfax Cir. Ct. 2010). · cites it 3× “” Va. Code § 50-73.27. However, within thirty days of admitting a new general partner, a certificate of amendment must be filed with the Commission.”
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