§ 61-3-301. Becoming limited partner.

TN Code § 61-3-301 (2019) (N/A)
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(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.