Tennessee § 48-245-201 Nonjudicial termination by organizers

Tennessee Statutes

§ 48-245-201 — Nonjudicial termination by organizers

Tennessee § 48-245-201

Title48

This text of Tennessee § 48-245-201 (Nonjudicial termination by organizers) 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. § 48-245-201 (2026).

Text

(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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(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 subsection (c), the existence of the LLC is terminated.