Tennessee Code 48-249-615 – Supervised winding up and termination following a nonjudicial dissolution
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 48-249-615
- Court: includes every court and judge having jurisdiction in the case. See Tennessee Code 48-202-101
- Dissolution: means that the LLC has incurred an event under §. See Tennessee Code 48-202-101
- LLC: means a limited liability company, organized under chapters 201-248 of this title. See Tennessee Code 48-202-101
- Member: means a person that has been admitted to an LLC as a member, as provided in §. See Tennessee Code 48-249-102
- Principal executive office: means the office, in or out of this state, that is designated as the principal executive office of a domestic or foreign LLC in its articles or in an application for a certificate of authority, as applicable, as thereafter changed from time to time in accordance with this chapter. See Tennessee Code 48-249-102
- Termination: means the end of an LLC's existence as a legal entity and occurs when the articles of termination are filed with the secretary of state under §. See Tennessee Code 48-202-101
After an event of dissolution has occurred, and before articles of termination have been filed, the LLC or, for good cause shown, a member or creditor, may apply to a court within the county in which the LLC’s principal executive office is or was last located to have the dissolution conducted or continued under the supervision of the court as provided in §§ 48-249-616 – 48-249-619.