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Except as provided in or through the articles or operating agreement or by a majority vote of the members, a member is entitled to receive distributions before the LLC's termination only as specified in the articles or operating agreement.
Structure 2021 Tennessee Code
2021 Tennessee Code
Title 48 - Securities, Corporations and Associations
Chapter 236 - Distributions
§ 48-236-101. Sharing of Distributions
§ 48-236-102. Interim Distributions
§ 48-236-103. Distribution in Kind
§ 48-236-104. Status as a Creditor