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Section 61-2-403 - Rights and powers - Liabilities — Tennessee Law | CourtGPT
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  7. Section 61-2-403 - Rights and powers - Liabilities
Tennessee Legal Code

Section 61-2-403 - Rights and powers - Liabilities

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(a) Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners.(b) Except as provided in this chapter, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.Acts 1988, ch. 922, § 1.