Tenn. Code § 61-3-401

Current through Acts 2023-2024, ch. 1069
Section 61-3-401 - Becoming general partner
(a) Upon formation of a limited partnership, a person becomes a general partner as agreed among the persons that are to be the initial partners.
(b) After formation of a limited partnership, a person becomes a general partner:
(1) As provided in the partnership agreement;
(2) As the result of a transaction effective under part 11 of this chapter;
(3) With the affirmative vote or consent of all the partners; or
(4) As provided in § 61-3-801(a)(3)(B).
(c) A person may become a general partner without:
(1) Acquiring a transferable interest; or
(2) Making or being obligated to make a contribution to the partnership.

T.C.A. § 61-3-401

Added by 2017 Tenn. Acts, ch. 440,s 1, eff. 1/1/2018.