Tennessee Code 61-2-701 – Nature
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 61-2-701
- Partner: means a limited or general partner. See Tennessee Code 61-2-101
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Property: includes both personal and real property. See Tennessee Code 1-3-105
A partnership interest is personal property. A partner has no interest in specific limited partnership property.