Chapter 249 - Tennessee Revised Limited Liability Company Act
- Part 1 - General Provisions
- 48-249-101 - Short title.
- 48-249-102 - Chapter definitions.
- 48-249-103 - Notice.
- 48-249-104 - Purposes and powers.
- 48-249-105 - Ultra vires actions.
- 48-249-106 - LLC name.
- 48-249-107 - Reserved name.
- 48-249-108 - Registered name.
- 48-249-109 - Registered office and registered agent.
- 48-249-110 - Change of registered office or registered agent.
- 48-249-111 - Resignation of registered agent.
- 48-249-112 - Service on LLC.
- 48-249-113 - Procedure for service on domestic or foreign LLC by service on secretary of state.
- 48-249-114 - Personal liability.
- 48-249-115 - Indemnification.
- 48-249-116 - LLC as legal entity.
- Part 2 - Formation, Articles of Organization and Operating Agreement
- Part 3 - Finance
- 48-249-301 - Contribution and acceptance.
- 48-249-302 - Liability for contributions.
- 48-249-303 - Interests in LLC.
- 48-249-304 - Sharing of and rights to profits and losses.
- 48-249-305 - Sharing of and rights to distributions.
- 48-249-306 - Limitations on distributions.
- 48-249-307 - Liability for unlawful distributions.
- 48-249-308 - Right to information.
- 48-249-309 - Series of members, holders, managers, directors, membership interests or financial rights.
- Part 4 - Management
- 48-249-401 - Management of LLC.
- 48-249-402 - Agency of members, managers, directors and officers.
- 48-249-403 - General standards of conduct for members, managers, directors and officers.
- 48-249-404 - Conflict of interest transactions.
- 48-249-405 - Voting and meetings.
- 48-249-406 - Required records.
- 48-249-407 - Limitation on actions for breach of fiduciary duties.
- Part 5 - Admission of Members Membership Interests Transferees and Creditors of Members
- 48-249-501 - Admission of members.
- 48-249-502 - Nature of membership interest and statement of interest owned.
- 48-249-503 - Termination of membership interest.
- 48-249-504 - Termination of membership interest in contravention of LLC documents.
- 48-249-505 - Effect of termination of membership interest.
- 48-249-506 - Determination of fair value.
- 48-249-507 - Transfer of financial rights.
- 48-249-508 - Transfer of a membership interest or governance rights.
- 48-249-509 - Rights of judgment creditor.
- Part 6 - Dissolution and Winding Up of the LLC
- 48-249-601 - Dissolution.
- 48-249-602 - Nonjudicial termination by organizers.
- 48-249-603 - Nonjudicial dissolution by members.
- 48-249-604 - Grounds for administrative dissolution.
- 48-249-605 - Procedure for and effect of administrative dissolution.
- 48-249-606 - Reinstatement following administrative dissolution.
- 48-249-607 - Appeal from denial of reinstatement.
- 48-249-608 - Articles of termination following administrative dissolution.
- 48-249-609 - Filing notice of dissolution and effect.
- 48-249-610 - Procedure in winding up.
- 48-249-611 - Known and unknown claims against LLC.
- 48-249-612 - Articles of termination.
- 48-249-613 - Revocation of dissolution.
- 48-249-614 - Effective date and effect of articles of termination.
- 48-249-615 - Supervised winding up and termination following a nonjudicial dissolution.
- 48-249-616 - Judicial intervention.
- 48-249-617 - Judicial dissolution and termination.
- 48-249-618 - Procedure for judicial dissolution and termination.
- 48-249-619 - Receivership or custodianship.
- 48-249-620 - Disposition upon liquidation.
- 48-249-621 - Omitted assets.
- 48-249-622 - Right to sue or defend after termination.
- Part 7 - Merger, Conversion and Transfer of Assets
- Part 8 - Derivative Proceedings and Equitable Remedies
- Part 9 - Foreign Limited Liability Companies
- 48-249-901 - Governing law.
- 48-249-902 - Transactions not constituting transacting business.
- 48-249-903 - Name.
- 48-249-904 - Application for certificate of authority.
- 48-249-905 - Certificate of authority.
- 48-249-906 - Amendments to the certificate of authority.
- 48-249-907 - Cancellation of certificate of authority.
- 48-249-908 - Revocation of certificate of authority.
- 48-249-909 - Procedure for and effect of administrative revocation.
- 48-249-910 - Reinstatement following administrative revocation.
- 48-249-911 - Appeal from denial of foreign LLC's reinstatement.
- 48-249-912 - Cancellation of certificate of authority following administrative revocation.
- 48-249-913 - Transaction of business without certificate of authority.
- 48-249-914 - Enjoined from doing business.
- Part 10 - Miscellaneous
- 48-249-1001 - Reservation of power to amend or repeal.
- 48-249-1002 - Applicability; Savings clause.
- 48-249-1003 - LLC tax classification.
- 48-249-1004 - Governing law.
- 48-249-1005 - Filing requirements.
- 48-249-1006 - Forms.
- 48-249-1007 - Filing, service and copying fees.
- 48-249-1008 - Correcting filed document.
- 48-249-1009 - Filing duty of secretary of state.
- 48-249-1010 - Appeal from secretary of state's refusal to complete the filing of a document.
- 48-249-1011 - Evidentiary effect of copy of filed document.
- 48-249-1012 - Penalty for signing false document.
- 48-249-1013 - Effective time and date of document.
- 48-249-1014 - Penalty for transacting business in Tennessee in violation of articles.
- 48-249-1015 - Powers.
- 48-249-1016 - Deputies of secretary of state.
- 48-249-1017 - Annual report for secretary of state.
- 48-249-1018 - Construction.
- Part 11 - Professional Limited Liability Companies
- 48-249-1101 - Applicability.
- 48-249-1102 - Part definitions.
- 48-249-1103 - Formation and election.
- 48-249-1104 - Purposes.
- 48-249-1105 - Power.
- 48-249-1106 - Rendering of professional services.
- 48-249-1107 - Professions and other business allowed to be rendered.
- 48-249-1108 - Name.
- 48-249-1109 - Eligible members and holders.
- 48-249-1110 - Transfers.
- 48-249-1111 - Required purchase of membership interest and financial rights.
- 48-249-1112 - Purchase notice, acceptance and termination of interest.
- 48-249-1113 - Commencement of fair value determination proceeding.
- 48-249-1114 - Assessment of proceeding costs.
- 48-249-1115 - Termination of membership interest or financial rights of a disqualified person.
- 48-249-1116 - Disqualification of members and other persons.
- 48-249-1117 - Directors, managers and officers.
- 48-249-1118 - Privilege.
- 48-249-1119 - Liability.
- 48-249-1120 - Mergers and conversions.
- 48-249-1121 - Cessation of professional services.
- 48-249-1122 - Dissolution.
- 48-249-1123 - Foreign PLLCs.
- 48-249-1124 - Application for a certificate of authority.
- 48-249-1125 - Revocation.
- 48-249-1126 - Offense Penalty.
- 48-249-1127 - Delivery of articles or certificate of authority to licensing authority.
- 48-249-1128 - Annual qualification statement.
- 48-249-1129 - Rules.
- 48-249-1130 - Jurisdiction of licensing authority.
- 48-249-1131 - Amendment of existing laws and right to practice profession in other forms.
- 48-249-1132 - Reservation of power to amend or repeal.
- 48-249-1133 - Applicability Savings clause.