A court may grant any equitable relief it considers just and reasonable under the circumstances, may dissolve an LLC or may direct that the dissolved LLC be merged into another or new LLC or other entity, or otherwise be terminated, on the terms and conditions the court deems equitable.
Tenn. Code Ann. § 48-249-616
Judicial intervention
Known as the Tennessee Revised Limited Liability Company Act
The act spans §§ 48–48 (146 sections).
Applied in 1 court decision — leading case Delwin L. Huggins v. R.Ellsworth McKee (2016)
Most recently applied in Delwin L. Huggins v. R.Ellsworth McKee (May 2016)
Acts 2005, ch. 286, § 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.