An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Law Body
Chap. 72.—An ACT to amend and re-enact section 2872 of the code of Vir-
ginia in relation to the withdrawal of capital or the payment of dividends
in cases of limited partnerships, as amended and re-enacted by an act approved
December 22, 1897. +
Approved January 20, 1898.
1. Be it enacted by the general assembly of Virginia, That section twenty-
eight hundred and seventy-two of the code of Virginia in relation to
the withdrawal of capital or the payment of dividends in cases of lim-
ited partnerships, as amended and re-enacted by an act approved the
twenty-second of December, eighteen hundred and ninety-seven, be
amended and re-enacted so as to read as follows:
§ 2872. When capital not to be withdrawn nor dividend made.—
During the continuance of the partnership, no part of any sum which
any special partner has contributed to the stock, shall be withdrawn,
nor shall any division of interest or profits be made, so long as the
stock is reduced below the sum stated in the paper mentioned in section
twenty-eight hundred and sixty-five; and if at any time during the con-
tinuance or at the termination of the partnership, its asscts are not sufi
cient to pay its debts, the special partners shall severally be liable for al
sums by them in any way withdrawn or received, with interest thereon, from
the time when they were so withdrawn or received, or so much ther eQ:
as may be necessary to pay such partnership debts as may remain unpaid.
after applying thereto the | partnership effects: provided, however, that such
enecial partners shall not be lable for any aunts so withdrawn or received
af, at the time of such withdrawal or receipt, the original sum contributed by
said special partners renatins waimpacred,
2. This act shall be in force trom its passage.