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Tenn. Code Ann. § 61-1-501

Partner not a co-owner of partnership property

Known as the Uniform Partnership Act

The act spans §§ 61-1-1001 to 61-1-908 (67 sections).

Applied in 1 court decision — leading case Charlotte Scott Forbess v. Michael E. Forbess (2011)

Most recently applied in Charlotte Scott Forbess v. Michael E. Forbess (December 2011)

Acts 2001, ch. 353.

Partnership property is owned by the partnership as an entity. A partner is not a co-owner of partnership property and has no interest in partnership property which can be transferred, either voluntarily or involuntarily.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.