Skip to main content
Find a Lawyer

Tennessee Code Title 48. Corporations and Associations § 48-245-201

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

(a) MANNER. An LLC that has not accepted contributions may be dissolved and terminated by the organizers in the manner set forth in this section.

(b) ARTICLES OF TERMINATION. A majority of the organizers shall sign and file with the secretary of state articles of termination containing:

(1) The name of the LLC;

(2) The date of organization;

(3) A statement that contributions have not been accepted; and

(4) A statement that no debts remain unpaid.

(c) The secretary of state shall file the articles of termination of existence of the LLC if the secretary of state finds that the articles:

(1) Comply with subsection (b); and

(2) Are accompanied by a tax clearance for termination or withdrawal relative to such LLC.

(d) When the articles of termination have been filed in accordance with subsection (c), the existence of the LLC is terminated.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Tennessee Code Title 48. Corporations and Associations § 48-245-201 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-48-corporations-and-associations/tn-code-sect-48-245-201/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard