Tennessee § 61-3-1001 Governing law

Tennessee Statutes

§ 61-3-1001 — Governing law

(a)Subject to the Constitution of Tennessee:

(1)The law of the jurisdiction of formation of a foreign limited partnership governs:

(A)The organization and internal affairs of the foreign limited partnership;

(B)The liability of a partner as partner for a debt, obligation, or other liability of the foreign limited partnership; and (C) The liability of a series of the foreign limited partnership;

(2)A foreign limited partnership is not precluded from registering to do business in this state because of any difference between the law of the foreign limited partnership's jurisdiction of formation and the law of this state.

(b)Registration of a foreign limited partnership to do business in this state does not authorize the foreign partnership to engage in any activities and affairs or exer

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(a) Subject to the Constitution of Tennessee: (1) The law of the jurisdiction of formation of a foreign limited partnership governs: (A) The organization and internal affairs of the foreign limited partnership; (B) The liability of a partner as partner for a debt, obligation, or other liability of the foreign limited partnership; and (C) The liability of a series of the foreign limited partnership; (2) A foreign limited partnership is not precluded from registering to do business in this state because of any difference between the law of the foreign limited partnership's jurisdiction of formation and the law of this state. (b) Registration of a foreign limited partnership to do business in this state does not authorize the foreign partnership to engage in any activities and affairs or exercise any power that a limited partnership may not engage in or exercise in this state.

Tennessee § 61-3-1001 (Governing law) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.