{"data":{"id":"us-tn/tenn.-code-ann.-61-3-602","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 61-3-602","heading":"Effect of dissociation as limited partner","body":"(a) If a person is dissociated as a limited partner: (1) Subject to § 61-3-704 , the person does not have further rights as a limited partner; (2) The person's contractual obligation of good faith and fair dealing as a limited partner under § 61-3-305(a) ends with regard to matters arising and events occurring after the person's dissociation; and (3) Subject to § 61-3-704 and part 11 of this chapter, any transferable interest owned by the person in the person's capacity as a limited partner immediately before dissociation is owned by the person solely as a transferee. (b) A person's dissociation as a limited partner does not of itself discharge the person from any debt, obligation, or other liability to the limited partnership or the other partners which the person incurred while a limited partner. Added by 2017 Tenn. Acts, ch. 440,s 1, eff. 1/1/2018.\n(a) If a person is dissociated as a limited partner: (1) Subject to § 61-3-704 , the person does not have further rights as a limited partner; (2) The person's contractual obligation of good faith and fair dealing as a limited partner under § 61-3-305(a) ends with regard to matters arising and events occurring after the person's dissociation; and (3) Subject to § 61-3-704 and part 11 of this chapter, any transferable interest owned by the person in the person's capacity as a limited partner immediately before dissociation is owned by the person solely as a transferee.\n(1) Subject to § 61-3-704 , the person does not have further rights as a limited partner;\n(2) The person's contractual obligation of good faith and fair dealing as a limited partner under § 61-3-305(a) ends with regard to matters arising and events occurring after the person's dissociation; and\n(3) Subject to § 61-3-704 and part 11 of this chapter, any transferable interest owned by the person in the person's capacity as a limited partner immediately before dissociation is owned by the person solely as a transferee.\n(b) A person's dissociation as a limited partner does not of itself discharge the person from any debt, obligation, or other liability to the limited partnership or the other partners which the person incurred while a limited partner.","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":"76cce88fb3041e6309a45deff2ec3c3a13ff217ae37b45950f3ad4891f7981d2","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-61-3-601","next":"us-tn/tenn.-code-ann.-61-3-603"},"notice":"GroundRules: Original legal text. Not legal advice."}