GroundRules
← Search the law
Tennessee · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Tenn. Code Ann. § 48-249-304: Sharing of and rights to profits and losses

Read at publisher ↗
Where this section sits in the code
  1. TN Code
  2. Title 48
  3. Chapter 249

(a) LLC documents control. Any profits and losses of an LLC shall be allocated among the members and holders of financial rights in the manner provided in the LLC documents.

(b) LLC documents silent. If the LLC documents do not provide for allocations of profits and losses, profits and losses shall be allocated among the members and holders of financial rights in equal shares.

(c) Record date. The LLC documents may provide for a record date with respect to allocations of profits and losses.

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

Browse this collection