2010 Tennessee Code
Title 48 - Corporations And Associations
Chapter 203 - Formation
48-203-101 - Purposes.
48-203-101. Purposes.
(a) Any Lawful Purpose. Every LLC organized under chapters 201-248 of this title has the purpose of engaging in any lawful business unless a more limited purpose is set forth in its articles.
(b) Regulation by Another Statute. An LLC engaging in a business that is subject to regulation under another statute of this state may organize under chapters 201-248 of this title only if permitted by, and subject to all limitations of, the other statute.
[Acts 1994, ch. 868, § 1.]
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