The Tennessee Uniform Limited Partnership Act of 2017 (“TN ULPA-2017”) took effect on January 1, 2018. The TN ULPA-2017 applies to limited partnerships formed in Tennessee after January 1, 2018, and to limited partnerships formed in TN prior to that date that choose to be governed by it. Domestic LPs formed prior to January 1, 2018 that do not elect to be governed by the TN ULP-2017 will continue to be governed by Tennessee’s Revised Uniform Limited Partnership Act of 2001 (“RULPA-2001”), although any renewal of their term must be made under the new act. The TN ULPA-2017 also applies to foreign LPs that register in Tennessee after the effective date, as well as to foreign LPs that registered in TN prior to the effective date as of the due date of their next annual report.
Revised forms covering both the TN ULPA-2017 and the RULPA-2001 are being posted to the Tennessee Secretary of State’s website, and the TN SOS’s office has advised that it will stop accepting old forms after today.
Some forms appear to still being added to the Secretary of State’s website, so it may take several days for them to be processed and appear in our resources. Please check for revised LP forms on the TN SOS’s website for the next several days during this transition to ensure the most recent version of the form is being used.