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2017 Tennessee Code
Title 48 - Corporations and Associations
Limited Liability Companies
Chapter 249 - Tennessee Revised Limited Liability Company Act
Part 6 - Dissolution and Winding Up of the Llc
§ 48-249-602. Nonjudicial termination by organizers.
Universal Citation: TN Code § 48-249-602 (2017)
- (a) Articles of termination. An LLC that has not accepted contributions may be dissolved and its existence terminated by the organizers, if a majority of the organizers sign and file articles of termination with the secretary of state containing:
- (1) The name of the LLC;
- (2) The date of formation of the LLC;
- (3) A statement that contributions have not been accepted by the LLC; and
- (4) A statement that no debts of the LLC remain unpaid.
- (b) The secretary of state shall file the articles of termination of the LLC if the secretary of state finds that the articles:
- (1) Comply with subsection (a); and
- (2) Are accompanied by a tax clearance for termination or withdrawal relative to such LLC.
- (c) When the articles of termination have been filed in accordance with subsection (b), the existence of the LLC is terminated.
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