Tennessee § 61-3-606 - Power to bind and liability of person dissociated as general partner.
Full text of Tennessee Tennessee Code Annotated § 61-3-606 — Power to bind and liability of person dissociated as general partner., with citation guidance and answers to common questions.
§ 61-3-606. Power to bind and liability of person dissociated as general partner.
After a person is dissociated as a general partner and before the limited partnership is merged out of existence or converted under part 11 of this chapter, or dissolved, the partnership is bound by an act of the person only if: The act would have bound the partnership under § 61-3-402 before the dissociation; and At the time the other party enters into the transaction: Less than one (1) year has passed since the dissociation; and The other party does not know or have notice of the dissociation and reasonably believes that the person is a general partner. If a limited partnership is bound under subsection (a), the person dissociated as a general partner that caused the partnership to be bound is liable: To the partnership for any damage caused to the partnership arising from the obligation incurred under subsection (a); and If a general partner or another person dissociated as a general partner is liable for the obligation, to the general partner or other person for any damage caused to the general partner or other person arising from the liability. Acts 2017, ch. 440, § 1.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 61-3-606
What does Tennessee Code Annotated § 61-3-606 cover?
Section 61-3-606 ("Power to bind and liability of person dissociated as general partner.") 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 § 61-3-606?
A common citation format is "Tennessee Code Annotated § 61-3-606" (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 § 61-3-606 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.