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Tennessee Code Title 48. Corporations and Associations § 48-203-101

Current as of January 02, 2024 | Updated by Findlaw Staff

(a) ANY LAWFUL PURPOSE. Every LLC organized under chapters 201-248 of this title has the purpose of engaging in any lawful business unless a more limited purpose is set forth in its articles.

(b) REGULATION BY ANOTHER STATUTE. An LLC engaging in a business that is subject to regulation under another statute of this state may organize under chapters 201-248 of this title only if permitted by, and subject to all limitations of, the other statute.

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Cite this article: FindLaw.com - Tennessee Code Title 48. Corporations and Associations § 48-203-101 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-48-corporations-and-associations/tn-code-sect-48-203-101/

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