{"data":{"id":"us-tn/tenn.-code-ann.-61-3-301","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 61-3-301","heading":"Becoming limited partner","body":"(a) Upon formation of a limited partnership, a person becomes a limited partner as agreed among the persons that are to be the initial partners. (b) After formation, a person becomes a limited partner: (1) As provided in the partnership agreement; (2) As the result of a transaction effective under part 11 of this chapter; (3) With the affirmative vote or consent of all the partners; or (4) As provided in § 61-3-801(a)(4) or (a)(5) . (c) A person may become a limited partner without: (1) Acquiring a transferable interest; or (2) Making or being obligated to make a contribution to the limited partnership. Added by 2017 Tenn. Acts, ch. 440,s 1, eff. 1/1/2018.\n(a) Upon formation of a limited partnership, a person becomes a limited partner as agreed among the persons that are to be the initial partners.\n(b) After formation, a person becomes a limited partner: (1) As provided in the partnership agreement; (2) As the result of a transaction effective under part 11 of this chapter; (3) With the affirmative vote or consent of all the partners; or (4) As provided in § 61-3-801(a)(4) or (a)(5) .\n(1) As provided in the partnership agreement;\n(2) As the result of a transaction effective under part 11 of this chapter;\n(3) With the affirmative vote or consent of all the partners; or\n(4) As provided in § 61-3-801(a)(4) or (a)(5) .\n(c) A person may become a limited partner without: (1) Acquiring a transferable interest; or (2) Making or being obligated to make a contribution to the limited partnership.\n(1) Acquiring a transferable interest; or\n(2) Making or being obligated to make a contribution to the limited partnership.","path":["TN Code","Title 61","Chapter 3"],"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":"30ee6a6b90736da487dcacd9c2f49fa4655c93d4ef58128706254f3af5de732b","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-61-3-211","next":"us-tn/tenn.-code-ann.-61-3-302"},"notice":"GroundRules: Original legal text. Not legal advice."}