The Tennessee Uniform Limited Partnership Act of 2017 is a set of laws designed to regulate the formation and operation of limited partnerships in the state of Tennessee. It replaces the Tennessee Business Limited Partnership Act of 1982. The Act sets out the rights and obligations of partners in a limited partnership and establishes the legal framework for how a limited partnership is managed. It also covers various aspects of the formation and operation of a limited partnership, including the filing of articles of organization, the content of partnership agreements, the dissolution of a limited partnership, and more. The Act is made up of two main parts: The Tennessee Limited Partnership Act and the Tennessee Revised Uniform Limited Partnership Act. The Tennessee Limited Partnership Act applies to limited partnerships formed before January 1, 2018, while the Tennessee Revised Uniform Limited Partnership Act applies to limited partnerships formed on or after January 1, 2018.
Tennessee Uniform Limited Partnership Act of 2017
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