Tennessee Code 48-239-104 – Acts not void or voidable
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Terms Used In Tennessee Code 48-239-104
- board of governors: means the board of governors of an LLC electing to be board-managed or, in the case of a foreign limited liability company, its equivalent. See Tennessee Code 48-202-101
- Governor: means a natural person or entity serving on the board of governors of a board-managed LLC. See Tennessee Code 48-202-101
The expiration of a governor‘s term with or without the election of a qualified successor does not make prior or subsequent acts of the governors or the board of governors void or voidable.