Tennessee Statutes

§ 61-2-403 — Rights and powers - Liabilities

Tennessee·Title 61
(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.

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Legislative History

Acts 1988, ch. 922, § 1.

Nearby Sections

15
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