Tennessee Statutes
§ 48-239-103 — Terms
Tennessee § 48-239-103
JurisdictionTennessee
Title48
This text of Tennessee § 48-239-103 (Terms) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tenn. Code Ann. § 48-239-103 (2026).
Text
(a)General. Unless fixed terms (including staggered terms) are provided for in the articles or operating agreement, a governor serves for an indefinite term that expires at the next regular meeting of the members. A fixed term of a governor must not exceed three (3) years. A governor holds office for the term for which the governor was elected and until a successor is elected and has qualified, or until the earlier death, resignation, removal, or disqualification of the governor.
(b)Decrease in Number. A decrease in the number of governors does not shorten an incumbent governor's term.
(c)Vacancy Term. The term of a governor elected to fill a vacancy expires at the next members' meeting at which governors are elected.
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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
AdministrationCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 48-239-103, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/48-239-103.