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Tenn. Code Ann. § 48-245-201

Nonjudicial termination by organizers

Acts 1994, ch. 868, § 1; 2009, ch. 349, §§ 1, 2; 2010, ch. 741, § 26.

(1) Manner. An LLC that has not accepted contributions may be dissolved and terminated by the organizers in the manner set forth in this section.

(2) Articles of Termination. A majority of the organizers shall sign and file with the secretary of state articles of termination containing: The name of the LLC;

(3) The date of organization;

(4) A statement that contributions have not been accepted; and

(5) A statement that no debts remain unpaid.

(6) The secretary of state shall file the articles of termination of existence of the LLC if the secretary of state finds that the articles: Comply with subsection (b); and

(7) Are accompanied by a tax clearance for termination or withdrawal relative to such LLC.

(8) When the articles of termination have been filed in accordance with subsection (c), the existence of the LLC is terminated.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.