Tennessee Statutes
§ 61-3-602 — Effect of dissociation as limited partner
Tennessee·Title 61
(a)If a person is dissociated as a limited partner:
(1)Subject to § 61-3-704 , the person does not have further rights as a limited partner;
(2)The person's contractual obligation of good faith and fair dealing as a limited partner under § 61-3-305(a) ends with regard to matters arising and events occurring after the person's dissociation; and (3) Subject to § 61-3-704 and part 11 of this chapter, any transferable interest owned by the person in the person's capacity as a limited partner immediately before dissociation is owned by the person solely as a transferee.
(b)A person's dissociation as a limited partner does not of itself discharge the person from any debt, obligation, or other liability to the limited partnership or the other partners which the person incurred while a limited
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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
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