Code of Virginia § 50-73.39:1. No right to distribution upon withdrawal.
51 words·~1 min read·
/va/title-50/chapter-2-1/50-73-39-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as otherwise provided in writing in the partnership agreement, neither a general partner nor a limited partner has any right to receive any distribution on account of
(i)the partner's withdrawal or
(ii)other event of dissolution or ceasing, for any other reason, to be partner.
2000, c. 581 .