A court may grant any equitable relief it considers just and reasonable in the circumstances or may dissolve an LLC and/or direct that the dissolved entity be merged into another or new LLC or other entity on the terms and conditions the court deems equitable.
Tenn. Code Ann. § 48-245-901
Judicial intervention and dissolution
Applied in 1 court decision — leading case ARC LifeMed, Inc. v. AMC-Tennessee, Inc. (2005)
Most recently applied in ARC LifeMed, Inc. v. AMC-Tennessee, Inc. (August 2005)
Acts 1994, ch. 868, § 1.
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.