(a) 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.(b) Neither a purported contribution nor an offer of consideration to make a contribution must be treated as a contribution to a limited partnership until: (1) The contribution is accepted by the affirmative vote or consent of all general partners; and(2) The amount and value of the contribution are recorded in the required information of the limited partnership.Added by 2017 Tenn. Acts, ch. 440,s 1, eff. 1/1/2018.
Tennessee Legal Code