Tennessee § 48-101-806 - Standards of conduct — Indemnification — Limitation on actions and immunity — Authority of attorney general and reporter — Application to private foundations.
Full text of Tennessee Tennessee Code Annotated § 48-101-806 — Standards of conduct — Indemnification — Limitation on actions and immunity — Authority of attorney general and reporter — Application to private foundations., with citation guidance and answers to common questions.
§ 48-101-806. Standards of conduct — Indemnification — Limitation on actions and immunity — Authority of attorney general and reporter — Application to private foundations.
The standards of conduct established in §§ 48-58-301 — 48-58-303 and 48-58-403 that are applicable to the directors, officers, employees and agents of the nonprofit corporation that is the sole member of a domestic nonprofit LLC shall likewise apply to the directors, managers, officers, employees and agents, as applicable, of the domestic nonprofit LLC. The indemnification provisions of title 48, chapter 58, part 5 that are applicable to the directors, officers, employees and agents of the nonprofit corporation that is the sole member of a domestic nonprofit LLC shall likewise apply to the directors, managers, officers, employees and agents, as applicable, of the domestic nonprofit LLC. The limitation of actions and immunity from actions provided in title 48, chapter 58, part 6 that are applicable to the directors, officers, trustees and members of the nonprofit corporation that is the sole member of a domestic nonprofit LLC shall likewise apply to the directors and managers, as applicable, of the domestic nonprofit LLC. The attorney general and reporter shall have any authority, rights and obligations over nonprofit LLCs that the attorney general and reporter have over nonprofit corporations pursuant to chapters 51-68 of this title. If the nonprofit corporation that is the sole member of a domestic nonprofit LLC is a private foundation as defined in § 509(a) of the Internal Revenue Code of 1986 (26 U.S.C. § 509(a)), or any successor provision thereof, the requirements of § 48-51-501 shall likewise apply to the domestic nonprofit LLC. Acts 2006, ch. 620, § 7; 2014, ch. 899, § 94.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 48-101-806
What does Tennessee Code Annotated § 48-101-806 cover?
Section 48-101-806 ("Standards of conduct — Indemnification — Limitation on actions and immunity — Authority of attorney general and reporter — Application to private foundations.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 48-101-806?
A common citation format is "Tennessee Code Annotated § 48-101-806" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 48-101-806 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.