50-73.50 - Judicial dissolution. - Virginia Statutes

§ 50-73.50. Judicial dissolution.

A. On application by or for a partner, the circuit court of the locality inwhich the registered office is located may decree dissolution of a limitedpartnership if it is not reasonably practicable to carry on the business inconformity with the partnership agreement.

B. When the winding up of the affairs of the limited partnership has beencompleted, the court shall so advise the Commission, which shall enter anorder of cancellation of the limited partnership's existence.

(1985, c. 607; 1987, c. 702; 2008, c. 586.)