Partnership agreement — Effect on limited partnership and person becoming partner — Preformation agreement
Known as the Tennessee Uniform Limited Partnership Act
The act spans §§ 61-2-1001 to 61-3-906 (205 sections).
Acts 2017, ch. 440, § 1.
(1) A limited partnership is bound by and may enforce the partnership agreement, whether or not the partnership has itself manifested assent to the agreement.
(2) A person that becomes a partner is deemed to assent to the partnership agreement.
(3) Two (2) or more persons intending to become the initial partners of a limited partnership may make an agreement providing that upon the formation of the partnership, the agreement shall become the partnership agreement.
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.