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92 chapters · 1,075 sections in this title.
Tenn. Code Ann. § 48-238-101 Management — Authorized signature
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(a) Management. (1) If the LLC is member-managed, all powers shall be exercised by or under the authority of, and the business and affairs of the LLC shall be managed by or under the direction of its members.(2) If the LLC is board-managed, all powers shall be exercised by or und…
Tenn. Code Ann. § 48-238-103 Agency of members in a member-managed LLC
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(a) Unless the articles otherwise provide, if an LLC is member-managed, every member is an agent of the LLC for the purpose of its business, and the act of every member, including the execution in the LLC name of any instrument, for apparently carrying on in the usual way the bus…
Tenn. Code Ann. § 48-238-104 Agency of members in a board-managed LLC
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(a) Unless the articles provide otherwise, if the LLC is board-managed, no member is an agent of the LLC for the purpose of its business, other than a member designated by the board of governors, including the execution in the LLC name of any instrument, for apparently carrying o…
