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2017 Tennessee Code
Title 48 - Corporations and Associations
Limited Liability Companies
Chapter 239 - Governor Management
§ 48-239-105. Compensation.
Universal Citation: TN Code § 48-239-105 (2017)
Subject to any limitations in the articles or operating agreement, the board of governors may fix the compensation of governors for the following board. Such compensation is subject to approval by the members. If the initial board of governors is selected by the organizers, that board's compensation, if any, shall be retroactively established by the members at the first meeting of the members.
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