Tennessee Code 48-231-207 – Failure to take action
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Terms Used In Tennessee Code 48-231-207
- LLC: means an LLC whose members have obtained rights to dissent under §. See Tennessee Code 48-231-101
If the LLC does not effectuate the proposed action that gave rise to the dissenters’ rights within two (2) months after the date set for demanding payment, it must send a new dissenters’ notice under § 48-231-203 and repeat the payment demand procedure if it effectuates the proposed action.