Subject to §§ 61-2-607 and 61-2-804, and unless otherwise provided in the partnership agreement, at the time a partner becomes entitled to receive a distribution, he has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution. A partnership agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited partnership.
Tenn. Code Ann. § 61-2-606
Right to distribution
Known as the Tennessee Uniform Limited Partnership Act
The act spans §§ 61–61 (205 sections).
Acts 1988, ch. 922, § 1; 1989, ch. 270, §§ 53, 54.
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.