{"data":{"id":"us-tn/tenn.-code-ann.-61-2-702","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 61-2-702","heading":"Assignment","body":"(a) Unless otherwise provided in the partnership agreement: (1) A partnership interest is assignable in whole or in part; (2) An assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become or to exercise any rights or powers of a partner; (3) An assignment entitles the assignee to receive, to the extent assigned, only the distribution to which the assignor would be entitled; and (4) A partner ceases to be a partner and to have the power to exercise any rights or powers of a partner upon assignment of all of his partnership interest. (b) The partnership agreement may provide that a partner's interest in a limited partnership may be evidenced by a certificate of partnership interest issued by the limited partnership and may also provide for the assignment or transfer of any partnership interest represented by such a certificate and make other provisions with respect to such certificates. (c) Unless otherwise provided in a partnership agreement and except to the extent assumed by agreement, until an assignee of a partnership interest becomes a partner, the assignee shall have no liability as a partner solely as a result of the assignment. Acts 1988, ch. 922, § 1; 1989, ch. 270, § 60.\n(a) Unless otherwise provided in the partnership agreement: (1) A partnership interest is assignable in whole or in part; (2) An assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become or to exercise any rights or powers of a partner; (3) An assignment entitles the assignee to receive, to the extent assigned, only the distribution to which the assignor would be entitled; and (4) A partner ceases to be a partner and to have the power to exercise any rights or powers of a partner upon assignment of all of his partnership interest.\n(1) A partnership interest is assignable in whole or in part;\n(2) An assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become or to exercise any rights or powers of a partner;\n(3) An assignment entitles the assignee to receive, to the extent assigned, only the distribution to which the assignor would be entitled; and\n(4) A partner ceases to be a partner and to have the power to exercise any rights or powers of a partner upon assignment of all of his partnership interest.\n(b) The partnership agreement may provide that a partner's interest in a limited partnership may be evidenced by a certificate of partnership interest issued by the limited partnership and may also provide for the assignment or transfer of any partnership interest represented by such a certificate and make other provisions with respect to such certificates.\n(c) Unless otherwise provided in a partnership agreement and except to the extent assumed by agreement, until an assignee of a partnership interest becomes a partner, the assignee shall have no liability as a partner solely as a result of the assignment.","path":["TN Code","Title 61","Chapter 2"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"50f6a381f91a474043f4467286cbbbaff8417fe6ce9644cfca059e1dec4b77ae","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-61-2-701","next":"us-tn/tenn.-code-ann.-61-2-703"},"notice":"GroundRules: Original legal text. Not legal advice."}