Tennessee Code 48-231-208 – After-acquired membership interests
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 48-231-208
- Dissenter: means a member who is entitled to dissent from LLC action under §. See Tennessee Code 48-231-101
- Fair value: means the value of the dissenter's membership interest of an LLC immediately before the effective date of the LLC action referred to in §. See Tennessee Code 48-231-101
- Interest: means interest from the effective date of the action referred to in §. See Tennessee Code 48-231-101
- LLC: means an LLC whose members have obtained rights to dissent under §. See Tennessee Code 48-231-101
- Member: includes a former member when dissenters' rights exist because:
(A) The membership of that former member has terminated causing dissolution. See Tennessee Code 48-231-101 - Membership: means the rights and obligations a member has pursuant to a corporation's charter, bylaws and chapters 51-68 of this title. See Tennessee Code 48-51-201
- Membership interest: means a member's interest in an LLC consisting of a member's financial rights, a member's right to assign financial rights as provided in §. See Tennessee Code 48-202-101