Virginia § 50-73.127 - Effect of conversion; entity unchanged
Full text of Virginia Code of Virginia § 50-73.127 — Effect of conversion; entity unchanged, with citation guidance and answers to common questions.
§ 50-73.127. Effect of conversion; entity unchanged
A. A limited partnership that has been converted pursuant to this article is for all purposes the same entity that existed before the conversion.
B. When a conversion takes effect:
1. All property owned by the converting limited partnership remains vested in the resulting partnership;
2. All obligations of the converting limited partnership continue as obligations of the resulting partnership; and
3. An action or proceeding pending against the converting limited partnership may be continued as if the conversion had not occurred.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 50-73.127
What does Code of Virginia § 50-73.127 cover?
Section 50-73.127 ("Effect of conversion; entity unchanged") 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 § 50-73.127?
A common citation format is "Code of Virginia § 50-73.127" (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 § 50-73.127 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.