Virginia § 50-73.120 - Partner's power to bind partnership after dissolution
Full text of Virginia Code of Virginia § 50-73.120 — Partner's power to bind partnership after dissolution, with citation guidance and answers to common questions.
§ 50-73.120. Partner's power to bind partnership after dissolution
Subject to § 50-73.121, a partnership is bound by a partner's act after dissolution that:
1. Is appropriate for winding up the partnership business; or
2. Would have bound the partnership under § 50-73.91 before dissolution, if the other party to the transaction did not have notice of the dissolution.
1996, c. 292.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 50-73.120
What does Code of Virginia § 50-73.120 cover?
Section 50-73.120 ("Partner's power to bind partnership after dissolution") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 50-73.120?
A common citation format is "Code of Virginia § 50-73.120" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 50-73.120 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.