Tennessee Statutes
§ 48-249-617 — Judicial dissolution and termination
Tennessee·Title 48
(a)Judicial decree. On application by the attorney general and reporter, or by or for a member, the court may decree dissolution, winding up and termination of an LLC whenever it is not reasonably practicable to carry on the business in conformity with the LLC documents.
(b)Effectiveness of dissolution. The dissolution is effective upon the decree of dissolution becoming final and nonappealable. Such decree shall be filed with the secretary of state and shall serve as a notice of dissolution.
(c)Effectiveness of termination. The termination is effective upon a decree of termination becoming final and nonappealable. Such decree shall be filed with the secretary of state and shall serve and have the same effect as articles of termination.
Free access — add to your briefcase to read the full text and ask questions with AI
Tennessee § 48-249-617 (Judicial dissolution and termination) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
New Phase Investments, LLC v. Elite RE Investments, LLC
(Court of Appeals of Tennessee, 2020)
Danna Owen v. Timothy Scott Hutten
(Court of Appeals of Tennessee, 2013)
Legislative History
Acts 2005, ch. 286, § 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
Administration