Tenn. Code § 48-236-101

Current through Acts 2023-2024, ch. 1069
Section 48-236-101 - Sharing of distributions

Unless otherwise provided in or through the articles or operating agreement, distributions of cash or other assets of an LLC, including distributions on termination of the LLC except as provided in § 48-245-1101, must be allocated equally among the members.

T.C.A. § 48-236-101

Acts 1994, ch. 868, § 1.