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Section 48-240-101 - Member-managed — Tennessee Law | CourtGPT
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  7. Section 48-240-101 - Member-managed
Tennessee Legal Code

Section 48-240-101 - Member-managed

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If the LLC has elected to be member-managed, any actions that would require the action of the board of governors shall be made by the members. Unless chapters 201-248 of this title, the articles or operating agreement require otherwise, decisions shall be made and actions taken by a majority vote of the members acting in their capacity as members present at a meeting at which a quorum is established.Acts 1994, ch. 868, § 1; 1995, ch. 403, § 60.