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Tennessee · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Tenn. Code Ann. § 48-242-102: Advances

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Where this section sits in the code
  1. TN Code
  2. Title 48
  3. Chapter 242

Unless otherwise provided in the articles or the operating agreement, an LLC may, without a vote of the governors or its members, advance money to its governors, managers, or employees to cover expenses that can reasonably be anticipated to be incurred by them in the ordinary course of the performance of their duties and for which they would be entitled to reimbursement in the absence of an advance.

Collected 2026-09-14T18:32:26Z. Source file · JSON

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