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92 chapters · 1,075 sections in this title.
Tenn. Code Ann. § 48-235-101 Special provisions
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(a) Acceptance of Contributions. Except as provided in the articles or operating agreement, no purported contribution must be treated as a contribution, unless:(1) The board of governors in a board-managed LLC or members accept the contribution on behalf of the LLC and in that ac…
Tenn. Code Ann. § 48-235-102 Restatement of value of previous contributions
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(a) Definition. As used in this section, an “old” contribution is a contribution reflected in the required records of an LLC before the time the LLC accepts a new contribution. (b) Restatement Required. Whenever an LLC accepts a new contribution, the board of governors of a board…
