50-73.29 - General powers and liabilities. - Virginia Statutes

§ 50-73.29. General powers and liabilities.

A. Except as provided in this chapter or in the partnership agreement, ageneral partner of a limited partnership has the rights and powers of apartner in a partnership without limited partners.

B. Except as provided in this chapter, a general partner of a limitedpartnership has the liabilities of a partner in a partnership without limitedpartners to persons other than the partnership and the other partners. Exceptas provided in this chapter or in the partnership agreement, a generalpartner of a limited partnership has the liabilities of a partner in apartnership without limited partners to the partnership and to the otherpartners.

(1985, c. 607.)