Tenn. Code § 61-2-403

Current through Acts 2023-2024, ch. 1069
Section 61-2-403 - Rights and powers - Liabilities
(a) Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners.
(b) Except as provided in this chapter, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.

T.C.A. § 61-2-403

Acts 1988, ch. 922, § 1.