Tennessee Statutes
§ 61-3-402 — General partner agent of limited partnership
Tennessee·Title 61
(a)Each general partner is an agent of the limited partnership for the purposes of the limited partnership's activities and affairs. An act of a general partner, including the signing of a record in the partnership's name, for apparently carrying on in the ordinary course of the partnership's activities and affairs, or activities and affairs of the kind carried on by the partnership, binds the partnership, unless the general partner did not have authority to act for the partnership in the particular matter and the person with which the general partner was dealing knew or had notice that the general partner lacked authority.
(b)An act of a general partner that is not apparently for carrying on in the ordinary course of the limited partnership's activities and affairs, or activities and af
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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