A domestic or foreign nonprofit LLC under this part must:(1) Be disregarded as an entity for federal income tax purposes; and(2) Have as its sole member a nonprofit corporation, whether foreign or domestic, that is incorporated under or subject to chapters 51-68 of this title and that is exempt from franchise and excise tax as not-for-profit as defined in § 67-4-2004.Acts 2006, ch. 620, § 6.
Tennessee Legal Code