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2017 Tennessee Code
Title 48 - Corporations and Associations
Limited Liability Companies
Chapter 214 - Transaction of Business Outside Tennessee
§ 48-214-101. Transaction of business outside Tennessee.
Universal Citation: TN Code § 48-214-101 (2017)
- (a) Transaction of Business Outside Tennessee. By enacting chapters 201-248 of this title the general assembly recognizes the LLC as an important and constructive form of business organization. The general assembly understands that:
- (1) Businesses organized under chapters 201-248 of this title will often transact business in other states;
- (2) For businesses organized under chapters 201-248 of this title to function effectively and for such chapters to be a useful enactment, such chapters must be accorded the same comity and full faith and credit that states typically accord to each other's corporate laws; and
- (3) Specifically, it is essential that other states recognize both the legal existence of limited liability companies formed under chapters 201-248 of this title and the legal status of all members of these limited liability companies.
- (b) The general assembly, therefore, specifically seeks that, subject to any reasonable registration requirements, other states extend to chapters 201-248 of this title the same full faith and credit under article IV, section 1 of the United States Constitution, and the same comity, that Tennessee extends to statutes that other states enact to provide for the establishment and operation of business organizations.
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