Tennessee Code Title 48. Corporations and Associations § 48-219-101

(a) GENERAL RULE. If a member who is an individual dies or a court of competent jurisdiction adjudges the member to be incompetent to manage the member's person or property, or the court places the individual in bankruptcy, the member's executor, administrator, guardian, conservator, trustee, or other legal representative, except as otherwise provided in the articles or operating agreement, may exercise all of the member's rights, except voting rights, for the purpose of settling the estate or administering the member's property. If a member is a corporation, trust, or other entity and is dissolved, terminated, or placed by a court in receivership or bankruptcy, the powers of that member, except as otherwise provided in the articles or operating agreement, may be exercised by its legal representative or successor, except the interest shall be a nonvoting interest.

(b) WHEN MEMBERSHIP IS TERMINATED. If an event referred to in subsection (a) causes the termination of a member's membership interest and the business of the LLC is continued, then: