Tennessee Statutes
§ 48-240-101 — Member-managed
Tennessee·Title 48
If the LLC has elected to be member-managed, any actions that would require the action of the board of governors shall be made by the members. Unless chapters 201-248 of this title, the articles or operating agreement require otherwise, decisions shall be made and actions taken by a majority vote of the members acting in their capacity as members present at a meeting at which a quorum is established.
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Related
Valerie Bridgeforth v. Dale Jones
(Court of Appeals of Tennessee, 2015)
Legislative History
Acts 1994, ch. 868, § 1; 1995, ch. 403, § 60.
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