Tennessee § 48-238-102 - [Reserved.]
Full text of Tennessee Tennessee Code Annotated § 48-238-102 — [Reserved.], with citation guidance and answers to common questions.
§ 48-238-102. [Reserved.]
Unless the articles otherwise provide, if an LLC is member-managed, every member is an agent of the LLC for the purpose of its business, and the act of every member, including the execution in the LLC name of any instrument, for apparently carrying on in the usual way the business of the LLC of which such member is a member, binds the LLC, unless the member so acting has in fact no authority to act for the LLC in the particular matter, and the person with whom the member is dealing has knowledge of the fact that the member has no such authority. An act of a member which is not apparently for carrying on of the business of the LLC in the usual way does not bind the LLC unless authorized by the other members. Unless authorized by the other members, no single member or group of members less than all the members shall have authority to: Dispose of the goodwill of the business; Do any other act which would make it impossible to carry on the ordinary business of the LLC; Confess a judgment; or Submit an LLC claim or liability to arbitration or reference. No act of a member in contravention of a restriction on such member's authority shall bind the LLC to persons having knowledge of the restriction. Acts 1994, ch. 868, § 1. Law Reviews. Delaware LLCs for Tennessee Lawyers? (Richard Spore), 35 Tenn. B.J. 27 (1999).
Frequently Asked Questions About Tennessee § 48-238-102
What does Tennessee Code Annotated § 48-238-102 cover?
Section 48-238-102 ("[Reserved.]") 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 § 48-238-102?
A common citation format is "Tennessee Code Annotated § 48-238-102" (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 § 48-238-102 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.