A member of a corporation is not, as such, personally liable for the acts, debts, liabilities, or obligations of the corporation.
Tenn. Code Ann. § 48-56-203
Member's liability to third parties
Applied in 1 court decision — leading case Foster Wheeler Energy Corp. v. Metropolitan Knox Solid Waste Authority, Inc. (1992)
Most recently applied in Foster Wheeler Energy Corp. v. Metropolitan Knox Solid Waste Authority, Inc. (July 1992)
Acts 1987, ch. 242, § 6.22.
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.