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92 chapters · 1,075 sections in this title.
Tenn. Code Ann. § 48-206-101 Operating agreement
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(a) Generally. Each board-managed LLC shall have an operating agreement. A member-managed LLC may, but need not, have an operating agreement. If an LLC has an operating agreement, the operating agreement must be in writing. Except for those matters required to be provided for in …
Tenn. Code Ann. § 48-206-102 Adoption and amendment of operating agreement
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(a) Adoption of Operating Agreement. Except as otherwise provided in the articles, an operating agreement must initially be agreed to by all members or the organizer or organizers. Any person becoming a member after an operating agreement has been adopted by the organizers or the…
