# Tenn. Code Ann. § 61-1-104: Supplemental principles of law

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-104

## Section

- **Citation:** Tenn. Code Ann. § 61-1-104
- **Heading:** Supplemental principles of law
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 61 / Chapter 1 / Section 61-1-104

## Text

(a) Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter. (b) If an obligation to pay interest arises under this chapter and the rate is not specified, the rate is the applicable federal rate as determined from time to time by the United States treasury pursuant to 26 U.S.C. § 1274(d) or any successor law. (c) The rule that statutes in derogation of the common law are to be strictly construed shall have no application to this chapter. Acts 2001, ch. 353.
(a) Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter.
(b) If an obligation to pay interest arises under this chapter and the rate is not specified, the rate is the applicable federal rate as determined from time to time by the United States treasury pursuant to 26 U.S.C. § 1274(d) or any successor law.
(c) The rule that statutes in derogation of the common law are to be strictly construed shall have no application to this chapter.
Acts 2001, ch. 353.

## Nearby sections

- [Tenn. Code Ann. § 61-1-101 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-101.md)
- [Tenn. Code Ann. § 61-1-102 Knowledge and notice](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-102.md)
- [Tenn. Code Ann. § 61-1-103 Effect of partnership agreement - Nonwaivable provisions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-103.md)
- [Tenn. Code Ann. § 61-1-104 Supplemental principles of law](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-104.md)
- [Tenn. Code Ann. § 61-1-105 Execution, filing, and recording of statements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-105.md)
- [Tenn. Code Ann. § 61-1-106 Governing law](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-106.md)
- [Tenn. Code Ann. § 61-1-107 Partnership subject to amendment or repeal of chapter](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-107.md)
- [Tenn. Code Ann. § 61-1-201 Partnership as entity](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-201.md)
- [Tenn. Code Ann. § 61-1-202 Formation of partnership](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-202.md)
- [Tenn. Code Ann. § 61-1-203 Partnership property](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-203.md)
- [Tenn. Code Ann. § 61-1-204 When property is partnership property](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-204.md)
- [Tenn. Code Ann. § 61-1-301 Partner agent of partnership](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-301.md)
- [Tenn. Code Ann. § 61-1-302 Transfer of partnership property](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-302.md)
- [Tenn. Code Ann. § 61-1-303 Statement of partnership authority](https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-303.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T61_C1_S61-1-104. Check the current official text before relying on it. Not legal advice.