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92 chapters · 1,075 sections in this title.
Tenn. Code Ann. § 48-245-101 Dissolution
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(a) Dissolution Events. Except as stated in subsection (b) or (c), an LLC is dissolved upon the occurrence of any of the following events:(1) If a period is fixed in the articles for the duration of the LLC, upon the expiration of that period, except that, in the case of a LLC th…
Tenn. Code Ann. § 48-245-1101 Disposition upon liquidation
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(a) (1) Distribution of assets in winding up. Upon the winding up of an LLC, the assets shall be distributed as follows:(A) To creditors, including members who are creditors, to the extent otherwise permitted by law, in satisfaction of liabilities of the LLC (whether by payment o…
Tenn. Code Ann. § 48-245-1102 Omitted assets
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Title to assets remaining after payment of all debts, obligations, or liabilities and after distributions to members may be transferred by a court in this state.
Tenn. Code Ann. § 48-245-1201 Right to sue or defend after termination
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After an LLC has been terminated, any of its former managers, governors, or members may assert or defend, in the name of the LLC, any claim by or against the LLC.
