Partnership agreement - Effect on limited partnership and person becoming partner - Preformation agreement
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TN Code › Title 61 › Chapter 3 › Section 61-3-105
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(a) A limited partnership is bound by and may enforce the partnership agreement, whether or not the partnership has itself manifested assent to the agreement. (b) A person that becomes a partner is deemed to assent to the partnership agreement. (c) 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. Added by 2017 Tenn. Acts, ch. 440, s 1, eff. 1/1/2018.
(a) A limited partnership is bound by and may enforce the partnership agreement, whether or not the partnership has itself manifested assent to the agreement.
(b) A person that becomes a partner is deemed to assent to the partnership agreement.
(c) 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.
Added by 2017 Tenn. Acts, ch. 440, s 1, eff. 1/1/2018.
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