TBA Law Blog

Posted by: Brenda Gadd on Mar 7, 2017

The Tennessee Uniform Limited Partnership Act of 2017, drafted by a joint committee of the Tennessee Bar Association’s business and tax law sections, passed its first committee today with unanimous support in the House Business and Utilities Subcommittee. This legislation coordinates the limited partnership statute with those governing corporations and limited liability companies, updates the law for limited partnerships to operate in the modern business environment while allowing current limited partnerships to operate under existing law. This bill is the first of the TBA’s legislative package to be on a legislative calendar and is sponsored by Rep. Ron Travis, R-Dayton, in the House and Sen. Jack Johnson, R-Brentwood, in the Senate. You can learn more and show your support via TBAImpact.