Tenn. Code Ann. § 61-3-302
No agency power of limited partner as limited partner
Last amended: 2017Year: 2026Length: 120 wordsSubsections: 2
(a) A limited partner is not an agent of a limited partnership solely by reason of being a limited partner. (b) A person's status as a limited partner does not prevent or restrict law other than this chapter from imposing liability on a limited partnership because of the person's conduct. Added by 2017 Tenn. Acts, ch. 440,s 1, eff. 1/1/2018.
(a) A limited partner is not an agent of a limited partnership solely by reason of being a limited partner.
(b) A person's status as a limited partner does not prevent or restrict law other than this chapter from imposing liability on a limited partnership because of the person's conduct.
Added by 2017 Tenn. Acts, ch. 440,s 1, eff. 1/1/2018.