Tenn. Code § 61-3-108

Current through Acts 2023-2024, ch. 1069
Section 61-3-108 - Dual capacity

A person may be both a general partner and a limited partner. A person that is both a general and limited partner has the rights, powers, duties, and obligations provided by this chapter and the partnership agreement in each of those capacities. When the person acts as a general partner, the person is subject to the obligations, duties, and restrictions under this chapter and the partnership agreement for general partners. When the person acts as a limited partner, the person is subject to the obligations, duties, and restrictions under this chapter and the partnership agreement for limited partners.

T.C.A. § 61-3-108

Added by 2017 Tenn. Acts, ch. 440,s 1, eff. 1/1/2018.