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Current as of January 02, 2024 | Updated by Findlaw Staff
(a) A member sent a dissenters' notice described in § 48-231-204 must demand payment and certify whether the member acquired the membership interest before the date required to be set forth in the dissenters' notice pursuant to § 48-231-204(b)(2).
(b) The member who demands payment under subsection (a) retains all other rights of a member until these rights are cancelled or modified by the effectuation of the proposed LLC action.
(c) A member who does not demand payment by the date set in the dissenters' notice is not entitled to payment for such member's membership interest under this chapter.
(d) A demand for payment filed by a member may not be withdrawn unless the LLC with which it was filed, or the surviving LLC, consents to such withdrawal.
Cite this article: FindLaw.com - Tennessee Code Title 48. Corporations and Associations § 48-231-205 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-48-corporations-and-associations/tn-code-sect-48-231-205/
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