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2017 Tennessee Code
Title 48 - Corporations and Associations
Limited Liability Companies
Chapter 241 - Managers
§ 48-241-110. Delegation.
Universal Citation: TN Code § 48-241-110 (2017)
- Unless prohibited by the articles, the operating agreement, or by a resolution:
- (1) Adopted by the affirmative vote of the governors present at a duly held meeting of a board-managed liability company; or
- (2) Approved by the affirmative vote of a majority of the membership interest entitled to vote at a duly held meeting of the members of a member-managed LLC;
- a manager elected or appointed may, without further approval, delegate some or all of the duties and powers of an office to other persons. A manager who delegates the duties or powers of an office remains subject to the standard of conduct for a manager with respect to the discharge of all duties and powers so delegated.
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