Tennessee Statutes
§ 61-1-301 — Partner agent of partnership
Tennessee·Title 61
Subject to the effect of a statement of partnership authority under § 61-1-303 :
(1)Each partner is an agent of the partnership for the purpose of its business. An act of a partner, including the execution of an instrument in the partnership name, for apparently carrying on in the ordinary course the partnership business or business of the kind carried on by the partnership binds the partnership, unless the partner had no authority to act for the partnership in the particular matter and the person with whom the partner was dealing knew or had received a notification that the partner lacked authority;
(2)An act of a partner which is not apparently for carrying on in the ordinary course the partnership business or business of the kind carried on by the partnership binds the partnership onl
Free access — add to your briefcase to read the full text and ask questions with AI
Tennessee § 61-1-301 (Partner agent of partnership) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Jahn v. Bacon (In re East Tech Co.)
528 B.R. 743 (E.D. Tennessee, 2015)
Wade Phelps/Phelps Harrington Construction Co., Inc. v. C & C Construction Co., LLC
(Court of Appeals of Tennessee, 2010)
JTM Enterprises v. Oddello Industries, LLC
(Court of Appeals of Tennessee, 2023)
Legislative History
Acts 2001, ch. 353.
Nearby Sections
15
§ 61-1-1002
Registered office - Registered agent§ 61-1-1003
Name§ 61-1-1006
Certificate of existence§ 61-1-101
Chapter definitions§ 61-1-102
Knowledge and notice§ 61-1-104
Supplemental principles of law§ 61-1-106
Governing law§ 61-1-1201
Uniformity of application and construction§ 61-1-1202
Short title