STATE STATUTES & CODES
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TENNESSEE STATUTES AND CODES
61-2-403 - Rights and powers Liabilities.
61-2-403. Rights and powers Liabilities.
(a) Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners.
(b) Except as provided in this chapter, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.
[Acts 1988, ch. 922, § 1.]