Tennessee § 61-3-501 - Form of contribution and acceptance.
Full text of Tennessee Tennessee Code Annotated § 61-3-501 — Form of contribution and acceptance., with citation guidance and answers to common questions.
§ 61-3-501. Form of contribution and acceptance.
A contribution may consist of property transferred to, services performed for, or another benefit provided to the limited partnership or an agreement to transfer property to, perform services for, or provide another benefit to the partnership. Neither a purported contribution nor an offer of consideration to make a contribution must be treated as a contribution to a limited partnership until: The contribution is accepted by the affirmative vote or consent of all general partners; and The amount and value of the contribution are recorded in the required information of the limited partnership. Acts 2017, ch. 440, § 1.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 61-3-501
What does Tennessee Code Annotated § 61-3-501 cover?
Section 61-3-501 ("Form of contribution and acceptance.") 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 § 61-3-501?
A common citation format is "Tennessee Code Annotated § 61-3-501" (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 § 61-3-501 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.