Tenn. Code § 48-236-104
Current through Acts 2023-2024, ch. 1069
At the time a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a general, unsecured creditor of the LLC with respect to the distribution. The articles or an operating agreement may provide for the establishment of a record date with respect to allocations and distributions by an LLC.
T.C.A. § 48-236-104