(a)Right of Inspection. A member of an LLC is entitled to inspect and copy, during regular business hours at the LLC’s principal executive office, any of the records of the LLC described in § 48-228-101, if the member gives the LLC written notice of such demand at least five (5) business days before the date on which the member wishes to inspect and copy.
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Terms Used In Tennessee Code 48-228-102

  • Business: includes every trade, occupation, profession, investment activity and other lawful purpose for gain or the preservation of assets whether or not carried on for profits. See Tennessee Code 48-202-101
  • Court: includes every court and judge having jurisdiction in the case. See Tennessee Code 48-202-101
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • LLC: means a limited liability company, organized under chapters 201-248 of this title. See Tennessee Code 48-202-101
  • Member: means a person reflected in the required records of an LLC as the owner of some governance rights of a membership interest of the LLC. See Tennessee Code 48-202-101
  • Operating agreement: means a written agreement described in §. See Tennessee Code 48-202-101
  • Principal executive office: means an office, in or out of this state, where the principal office of the chief manager of the LLC or foreign LLC is located. See Tennessee Code 48-202-101
  • written: means any information in the form of a document. See Tennessee Code 48-11-201
(b)No Limitation. The right of inspection granted by this section may not be abolished or limited by an LLC’s articles or operating agreement.
(c)Other Rights and Powers Unaffected. This section does not affect:

(1) The right of a member to inspect records, if the member is in litigation with the LLC, to the same extent as any other litigant; or
(2) The power of a court to compel the production of records for examination.
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