Tennessee § 61-2-606 Right to distribution

Tennessee Statutes

§ 61-2-606 — Right to distribution

Tennessee § 61-2-606

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This text of Tennessee § 61-2-606 (Right to distribution) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 61-2-606 (2026).

Text

Subject to §§ 61-2-607 and 61-2-804 , and unless otherwise provided in the partnership agreement, at the time a partner becomes entitled to receive a distribution, he has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution. A partnership agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited partnership.

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Subject to §§ 61-2-607 and 61-2-804 , and unless otherwise provided in the partnership agreement, at the time a partner becomes entitled to receive a distribution, he has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution. A partnership agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited partnership.