An interest holder of a domestic merging or converting limited partnership is entitled to contractual appraisal rights in connection with a transaction under this part only to the extent provided in:

(1) The partnership agreement; or

Terms Used In Tennessee Code 61-3-1103

  • Appraisal: A determination of property value.
  • Interest: means :
    (A) A share in a business corporation. See Tennessee Code 61-3-1101
  • 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.
  • Plan: means a plan of merger, plan of conversion, or plan of domestication. See Tennessee Code 61-3-1101
(2) The plan.
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