Tenn. Code Ann. § 48-249-602

Nonjudicial termination by organizers

Known as the Tennessee Revised Limited Liability Company Act

The act spans §§ 48–48 (146 sections).

Applied in 1 court decision — leading case Nelson E. Bowers, II v. Estate of Katherine N. Mounger (2017)

Most recently applied in Nelson E. Bowers, II v. Estate of Katherine N. Mounger (June 2017)

Acts 2005, ch. 286, § 1; 2009, ch. 349, §§ 5, 6; 2010, ch. 741, § 38.

(1) Articles of termination. An LLC that has not accepted contributions may be dissolved and its existence terminated by the organizers, if a majority of the organizers sign and file articles of termination with the secretary of state containing: The name of the LLC;

(2) The date of formation of the LLC;

(3) A statement that contributions have not been accepted by the LLC; and

(4) A statement that no debts of the LLC remain unpaid.

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

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

(7) When the articles of termination have been filed in accordance with subsection (b), 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.