Tennessee § 48-241-110 Delegation

Tennessee Statutes

§ 48-241-110 — Delegation

Unless prohibited by the articles, the operating agreement, or by a resolution:

(1)Adopted by the affirmative vote of the governors present at a duly held meeting of a board-managed liability company; or (2) Approved by the affirmative vote of a majority of the membership interest entitled to vote at a duly held meeting of the members of a member-managed LLC; a manager elected or appointed may, without further approval, delegate some or all of the duties and powers of an office to other persons. A manager who delegates the duties or powers of an office remains subject to the standard of conduct for a manager with respect to the discharge of all duties and powers so delegated.

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Unless prohibited by the articles, the operating agreement, or by a resolution: (1) Adopted by the affirmative vote of the governors present at a duly held meeting of a board-managed liability company; or (2) Approved by the affirmative vote of a majority of the membership interest entitled to vote at a duly held meeting of the members of a member-managed LLC; a manager elected or appointed may, without further approval, delegate some or all of the duties and powers of an office to other persons. A manager who delegates the duties or powers of an office remains subject to the standard of conduct for a manager with respect to the discharge of all duties and powers so delegated.

Tennessee § 48-241-110 (Delegation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.