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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>366796</law_id><section_number>50-73.30</section_number><catch_line>Contributions by general partner</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="107" identifier="50">Partnerships</unit><unit label="chapter" level="2" order_by="1" identifier="2.1">Virginia Revised Uniform Limited Partnership Act</unit><unit label="article" level="3" order_by="4" identifier="4">General Partners</unit></structure><text>
						<section><p>A <span class="dictionary">general partner</span> of a <span class="dictionary">limited partnership</span> may make <span class="dictionary">contributions</span> to the partnership and share in the profits and losses of, and in distributions from, the <span class="dictionary">limited partnership</span> as a <span class="dictionary">general partner</span>. A <span class="dictionary">general partner</span> also may make <span class="dictionary">contributions</span> to and share in profits, losses, and distributions as a <span class="dictionary">limited partner</span>. A <span class="dictionary">person</span> who is both a <span class="dictionary">general partner</span> and a <span class="dictionary">limited partner</span> has the rights and powers, and is subject to the restrictions and liabilities, of a <span class="dictionary">general partner</span> and, except as provided in the <span class="dictionary">partnership agreement</span>, also has the powers, and is subject to the restrictions, of a <span class="dictionary">limited partner</span> to the extent of his participation in the partnership as a <span class="dictionary">limited partner</span>.</p></section></text><history>1985, c. 607.</history><metadata></metadata></law>
