Tenn. Code § 48-241-110

Current through Acts 2023-2024, ch. 1069

Section 48-241-110 - Delegation

Unless prohibited by the articles, the operating agreement, or by a resolution:

(1) Adopted by the affirmative vote of the governors present at a duly held meeting of a board-managed liability company; or

(2) Approved by the affirmative vote of a majority of the membership interest entitled to vote at a duly held meeting of the members of a member-managed LLC;

a manager elected or appointed may, without further approval, delegate some or all of the duties and powers of an office to other persons. A manager who delegates the duties or powers of an office remains subject to the standard of conduct for a manager with respect to the discharge of all duties and powers so delegated.

T.C.A. § 48-241-110

Acts 1994, ch. 868, § 1.