48-209-101 - Authority to amend. - Tennessee Statutes

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48-209-101. Authority to amend.

(a) An LLC may amend its articles at any time to add or change a provision that is required or permitted in the articles or to delete a provision not required in the articles. Whether a provision is required or permitted in the articles is determined as of the effective date of the amendment.

(b) A member of an LLC does not have a vested property right resulting from any provision in the articles or operating agreement, including provisions relating to management, control, capital structure, distribution entitlement or purpose or duration of the LLC.

[Acts 1994, ch. 868, § 1.]

State Codes and Statutes

Statutes > Tennessee > Title-48 > Chapter-209 > 48-209-101

48-209-101. Authority to amend.

(a) An LLC may amend its articles at any time to add or change a provision that is required or permitted in the articles or to delete a provision not required in the articles. Whether a provision is required or permitted in the articles is determined as of the effective date of the amendment.

(b) A member of an LLC does not have a vested property right resulting from any provision in the articles or operating agreement, including provisions relating to management, control, capital structure, distribution entitlement or purpose or duration of the LLC.

[Acts 1994, ch. 868, § 1.]

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State Codes and Statutes

Statutes > Tennessee > Title-48 > Chapter-209 > 48-209-101

48-209-101. Authority to amend.

(a) An LLC may amend its articles at any time to add or change a provision that is required or permitted in the articles or to delete a provision not required in the articles. Whether a provision is required or permitted in the articles is determined as of the effective date of the amendment.

(b) A member of an LLC does not have a vested property right resulting from any provision in the articles or operating agreement, including provisions relating to management, control, capital structure, distribution entitlement or purpose or duration of the LLC.

[Acts 1994, ch. 868, § 1.]