Tennessee Statutes
§ 61-3-301 — Becoming limited partner
Tennessee·Title 61
(a)Upon formation of a limited partnership, a person becomes a limited partner as agreed among the persons that are to be the initial partners.
(b)After formation, a person becomes a limited 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)(4) or (a)(5) .
(c)A person may become a limited partner without:
(1)Acquiring a transferable interest; or (2) Making or being obligated to make a contribution to the limited partnership.
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Legislative History
Added by 2017 Tenn. Acts, ch. 440,s 1, eff. 1/1/2018.
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