Tennessee Statutes
§ 48-220-101 — Sharing of profits and losses
Tennessee·Title 48
Unless otherwise provided in the articles or operating agreement, the profits and losses of an LLC must be allocated equally among the members.
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Related
James W. Grubb v. Joe D. Grubb
(Court of Appeals of Tennessee, 2025)
Bonny Browne v. Alexander Lee Browne, Jr.
(Court of Criminal Appeals of Tennessee, 2014)
Legislative History
Acts 1994, ch. 868, § 1.
Nearby Sections
15
§ 48-1-101
Short title§ 48-1-102
Part definitions§ 48-1-103
Exemptions§ 48-1-105
Registration by coordination§ 48-1-106
Registration by qualification§ 48-1-109
Registration as broker-dealers, agents, investment advisers, and investment adviser representatives§ 48-1-111
Records and reports - Examinations§ 48-1-115
Administration