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92 chapters · 1,075 sections in this title.
Tenn. Code Ann. § 48-218-101 Assignment of financial rights
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(a) Assignment of Financial Rights Permitted. Except as provided in subsection (c), a member's financial rights are transferable in whole or in part. (b) Effect of Assignment of Financial Rights. An assignment of a member's financial rights entitles the assignee to receive, to th…
Tenn. Code Ann. § 48-218-102 Assignment of a membership interest or governance rights
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(a) Transfer of Membership Interests Restricted. A member may assign the member's full membership interest only by assigning all of the member's governance rights coupled with an assignment to the same assignee of all the member's financial rights. A member's governance rights ar…
Tenn. Code Ann. § 48-218-103 Consensual restrictions on assignment of governance rights
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In addition to restrictions set forth in this chapter, restrictions on the assignment of governance rights may be imposed in accordance with the procedures and under the same conditions as stated in § 48-218-101(c), for restricting the assignment of financial rights.
Tenn. Code Ann. § 48-218-104 Effective date of assignments
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Any permissible assignment of financial rights under § 48-218-101 and of governance rights under § 48-218-102 will be effective as to and binding on the LLC only when the assignee's name, address, social security or taxpayer identification number and the nature and extent of the …
