(a) If proposed LLC action creating dissenters’ rights under § 48-231-201 is submitted to a vote at a members’ meeting, the meeting notice must state that members are or may be entitled to assert dissenters’ rights under this chapter and be accompanied by a copy of this chapter.
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Terms Used In Tennessee Code 48-231-202

  • LLC: means an LLC whose members have obtained rights to dissent under §. See Tennessee Code 48-231-101
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(b) If LLC action creating dissenters’ rights under § 48-231-201 is taken without a vote of the members, the LLC shall notify in writing all members entitled to assert dissenters’ rights that the action was taken and send them the dissenters’ notice described in § 48-231-204.
(c) An LLC’s failure to give notice pursuant to this section will not invalidate the LLC action.
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