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2017 Tennessee Code
Title 48 - Corporations and Associations
Limited Liability Companies
Chapter 239 - Governor Management
§ 48-239-103. Terms.
Universal Citation: TN Code § 48-239-103 (2017)
- (a) General. Unless fixed terms (including staggered terms) are provided for in the articles or operating agreement, a governor serves for an indefinite term that expires at the next regular meeting of the members. A fixed term of a governor must not exceed three (3) years. A governor holds office for the term for which the governor was elected and until a successor is elected and has qualified, or until the earlier death, resignation, removal, or disqualification of the governor.
- (b) Decrease in Number. A decrease in the number of governors does not shorten an incumbent governor's term.
- (c) Vacancy Term. The term of a governor elected to fill a vacancy expires at the next members' meeting at which governors are elected.
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