A. If a person, by words or conduct, purports to be a partner, or consents to being represented by another as a partner, in a partnership or with one or more persons not partners, the purported partner is liable to a person to whom the representation is made, if that person, relying on the representation, enters into a transaction with the actual or purported partnership. If the representation, either by the purported partner or by a person with the purported partner's consent, is made in a public manner, the purported partner is liable to a person who relies upon the purported partnership even if the purported partner is not aware of being held out as a partner to the claimant. If partnership liability results, the purported partner is liable with respect to that liability as if the purported partner were a partner. If no partnership liability results, the purported partner is liable with respect to that liability jointly and severally with any other person consenting to the representation.
B. If a person is thus represented to be a partner in an existing partnership, or with one or more persons not partners, the purported partner is an agent of persons consenting to the representation to bind them to the same extent and in the same manner as if the purported partner were a partner, with respect to persons who enter into transactions in reliance upon the representation. If all of the partners of the existing partnership consent to the representation, a partnership act or obligation results. If fewer than all of the partners of the existing partnership consent to the representation, the person acting and the partners consenting to the representation are jointly and severally liable.
C. A person is not liable as a partner merely because the person is named by another in a statement of partnership authority.
D. A person does not continue to be liable as a partner merely because of a failure to file a statement of dissociation or to amend a statement of partnership authority to indicate the partner's dissociation from the partnership.
E. Except as otherwise provided in subsections A and B, persons who are not partners as to each other are not liable as partners to other persons.
1996, c. 292.
Structure Code of Virginia
Chapter 2.2 - Virginia Uniform Partnership Act
§ 50-73.80. Knowledge and notice
§ 50-73.81. Effect of partnership agreement; nonwaivable provisions
§ 50-73.82. Supplemental principles of law
§ 50-73.84. Law governing internal relations
§ 50-73.85. Transactions between partner and partnership
§ 50-73.86. Partnership subject to amendment or repeal of chapter
§ 50-73.87. Partnership as entity
§ 50-73.88. Formation of partnership
§ 50-73.89. Partnership property
§ 50-73.90. When property is partnership property
§ 50-73.91. Partner agent of partnership
§ 50-73.92. Transfer of partnership property
§ 50-73.93. Statement of partnership authority
§ 50-73.94. Statement of denial
§ 50-73.95. Partnership liable for partner's actionable conduct
§ 50-73.96. Partner's liability
§ 50-73.97. Actions by and against partnership and partners
§ 50-73.98. Liability of purported partner
§ 50-73.99. Partner's rights and duties
§ 50-73.100. Distributions in kind
§ 50-73.101. Partner's rights and duties with respect to information
§ 50-73.102. General standards of partner's conduct
§ 50-73.103. Actions by partnership and partners
§ 50-73.104. Continuation of partnership beyond definite term or particular undertaking
§ 50-73.105. Partner not co-owner of partnership property
§ 50-73.106. Partner's transferable interest in partnership
§ 50-73.107. Transfer of partner's transferable interest
§ 50-73.108. Partner's transferable interest subject to charging order
§ 50-73.109. Events causing partner's dissociation
§ 50-73.110. Partner's power to dissociate; wrongful dissociation
§ 50-73.111. Effect of partner's dissociation
§ 50-73.112. Purchase of dissociated partner's interest
§ 50-73.113. Dissociated partner's power to bind partnership
§ 50-73.114. Dissociated partner's liability to other persons
§ 50-73.115. Statement of dissociation
§ 50-73.116. Continued use of partnership name
§ 50-73.117. Events causing dissolution and winding up of partnership business
§ 50-73.118. Partnership continues after dissolution
§ 50-73.119. Right to wind up partnership business
§ 50-73.120. Partner's power to bind partnership after dissolution
§ 50-73.121. Statement of dissolution
§ 50-73.122. Partner's liability to other partners after dissolution
§ 50-73.123. Settlement of accounts and contributions among partners
§ 50-73.126. Conversion of limited partnership to partnership
§ 50-73.127. Effect of conversion; entity unchanged
§ 50-73.128. Merger of partnerships
§ 50-73.131. Statement of merger
§ 50-73.132. Registered limited liability partnerships
§ 50-73.133. Name of registered limited liability partnership
§ 50-73.135. Registered office and registered agent
§ 50-73.136. Amendment of statement of registration; effect of statement of registration
§ 50-73.137. Cancellation of a registered limited liability partnership
§ 50-73.137:1. Effect of cancellation of limited partnership certificate or registration
§ 50-73.137:2. Known claims against dissolved registered limited liability partnership
§ 50-73.137:3. Other claims against dissolved registered limited liability partnership
§ 50-73.137:4. Court proceedings
§ 50-73.138. Registration of foreign registered limited liability partnerships
§ 50-73.139. Withdrawal of a foreign registered limited liability partnership
§ 50-73.140. Effect of failure of foreign registered limited liability partnership to register
§ 50-73.141. Applicability of chapter to foreign and interstate commerce
§ 50-73.142. Limited partnerships as registered limited liability partnerships