Tennessee § 61-1-603 - Effect of partner's dissociation.
Full text of Tennessee Tennessee Code Annotated § 61-1-603 — Effect of partner's dissociation., with citation guidance and answers to common questions.
§ 61-1-603. Effect of partner's dissociation.
If a partner's dissociation results in a dissolution and winding up of the partnership business, part 8 of this chapter applies; otherwise, part 7 of this chapter applies. Upon a partner's dissociation: The partner's right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in § 61-1-803; The partner's duty of loyalty under § 61-1-404(b)(3) terminates; and The partner's duty of loyalty under § 61-1-404(b)(1) and (2) and duty of care under § 61-1-404(c) continue only with regard to matters arising and events occurring before the partner's dissociation, unless the partner participates in winding up the partnership's business pursuant to § 61-1-803. Acts 2001, ch. 353.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 61-1-603
What does Tennessee Code Annotated § 61-1-603 cover?
Section 61-1-603 ("Effect of partner's dissociation.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 61-1-603?
A common citation format is "Tennessee Code Annotated § 61-1-603" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 61-1-603 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.