Tennessee Statutes
§ 48-245-201 — Nonjudicial termination by organizers
Tennessee·Title 48
(a)Manner. An LLC that has not accepted contributions may be dissolved and terminated by the organizers in the manner set forth in this section.
(b)Articles of Termination. A majority of the organizers shall sign and file with the secretary of state articles of termination containing:
(1)The name of the LLC;
(2)The date of organization;
(3)A statement that contributions have not been accepted; and (4) A statement that no debts remain unpaid.
(c)The secretary of state shall file the articles of termination of existence of the LLC if the secretary of state finds that the articles:
(1)Comply with subsection (b); and (2) Are accompanied by a tax clearance for termination or withdrawal relative to such LLC.
(d)When the articles of termination have been filed in accordance with subsectio
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Legislative History
Acts 1994, ch. 868, § 1; 2009, ch. 349, §§ 1, 2; 2010, ch. 741, § 26.
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