State Codes and Statutes

Statutes > Tennessee > Title-48 > Chapter-203 > 48-203-101

48-203-101. Purposes.

(a)  Any Lawful Purpose.  Every LLC organized under chapters 201-248 of this title has the purpose of engaging in any lawful business unless a more limited purpose is set forth in its articles.

(b)  Regulation by Another Statute.  An LLC engaging in a business that is subject to regulation under another statute of this state may organize under chapters 201-248 of this title only if permitted by, and subject to all limitations of, the other statute.

[Acts 1994, ch. 868, § 1.]  

State Codes and Statutes

Statutes > Tennessee > Title-48 > Chapter-203 > 48-203-101

48-203-101. Purposes.

(a)  Any Lawful Purpose.  Every LLC organized under chapters 201-248 of this title has the purpose of engaging in any lawful business unless a more limited purpose is set forth in its articles.

(b)  Regulation by Another Statute.  An LLC engaging in a business that is subject to regulation under another statute of this state may organize under chapters 201-248 of this title only if permitted by, and subject to all limitations of, the other statute.

[Acts 1994, ch. 868, § 1.]  


State Codes and Statutes

State Codes and Statutes

Statutes > Tennessee > Title-48 > Chapter-203 > 48-203-101

48-203-101. Purposes.

(a)  Any Lawful Purpose.  Every LLC organized under chapters 201-248 of this title has the purpose of engaging in any lawful business unless a more limited purpose is set forth in its articles.

(b)  Regulation by Another Statute.  An LLC engaging in a business that is subject to regulation under another statute of this state may organize under chapters 201-248 of this title only if permitted by, and subject to all limitations of, the other statute.

[Acts 1994, ch. 868, § 1.]