Tennessee Code 61-2-501 – Form
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Terms Used In Tennessee Code 61-2-501
- Contribution: means any cash, property, services rendered or a promissory note or other binding obligation to contribute cash or property or to perform services, which a partner contributes to a limited partnership in his capacity as a partner. See Tennessee Code 61-2-101
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Partner: means a limited or general partner. See Tennessee Code 61-2-101
- Property: includes both personal and real property. See Tennessee Code 1-3-105
The contribution of a partner may be in cash, property or services rendered, or a promissory note or other obligation to contribute cash or property or to perform services.