Tennessee § 61-3-804 Power to bind partnership after dissolution

Tennessee Statutes

§ 61-3-804 — Power to bind partnership after dissolution

Tennessee § 61-3-804

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This text of Tennessee § 61-3-804 (Power to bind partnership after dissolution) 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. § 61-3-804 (2026).

Text

(a)A limited partnership is bound by a general partner's act after dissolution that:

(1)Is appropriate for winding up the limited partnership's activities and affairs; or (2) Would have bound the partnership under § 61-3-402 before dissolution if, at the time the other party enters into the transaction, the other party does not know or have notice of the dissolution.

(b)A person dissociated as a general partner binds a limited partnership through an act occurring after dissolution if:

(1)At the time the other party enters into the transaction:

(A)Less than one (1) year has passed since the dissociation; and (B) The other party does not know or have notice of the dissociation and reasonably believes that the person is a general partner; and (2) The act:

(A)Is appropriate for winding u

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(a) A limited partnership is bound by a general partner's act after dissolution that: (1) Is appropriate for winding up the limited partnership's activities and affairs; or (2) Would have bound the partnership under § 61-3-402 before dissolution if, at the time the other party enters into the transaction, the other party does not know or have notice of the dissolution. (b) A person dissociated as a general partner binds a limited partnership through an act occurring after dissolution if: (1) At the time the other party enters into the transaction: (A) Less than one (1) year has passed since the dissociation; and (B) The other party does not know or have notice of the dissociation and reasonably believes that the person is a general partner; and (2) The act: (A) Is appropriate for winding up the limited partnership's activities and affairs; or (B) Would have bound the limited partnership under § 61-3-402 before dissolution and at the time the other party enters into the transaction the other party does not know or have notice of the dissolution.