Tennessee § 61-2-606 - Right to distribution.
Full text of Tennessee Tennessee Code Annotated § 61-2-606 — Right to distribution., with citation guidance and answers to common questions.
§ 61-2-606. Right to distribution.
Subject to §§ 61-2-607 and 61-2-804 , and unless otherwise provided in the partnership agreement, at the time a partner becomes entitled to receive a distribution, he has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution. A partnership agreement may provide for the establishment of a record date with respect to allocations and distributions by a limited partnership. Acts 1988, ch. 922, § 1; 1989, ch. 270, §§ 53, 54.
Frequently Asked Questions About Tennessee § 61-2-606
What does Tennessee Code Annotated § 61-2-606 cover?
Section 61-2-606 ("Right to distribution.") 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 § 61-2-606?
A common citation format is "Tennessee Code Annotated § 61-2-606" (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 § 61-2-606 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.