(a) A member may resign at any time.
non profit

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Terms Used In Tennessee Code 48-56-301

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • 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
(b) The resignation of a member does not relieve the member from any obligations the member may have to the corporation.
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