{"data":{"id":"us-tn/tenn.-code-ann.-48-230-101","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 48-230-101","heading":"Actions","body":"(a) Board-managed Action. A member may not commence a proceeding in the right of a domestic (or foreign) LLC unless the member was a member of such LLC when the transaction complained of occurred or unless the member becomes a member through transfer by operation of law from one who was a member at that time.\n(b) Member-managed Action. Notwithstanding subsection (a), if the articles or operating agreement of a domestic (or foreign) member-managed LLC permit derivative actions, a member may commence a proceeding to the same extent as a member of a board-managed LLC.","path":["TN Code","Title 48","Chapter 230"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"92101e6f67ca5ba9541ae2b73b1942eacd56e6855b2a57f87b0875075f8b4b12","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-48-22-102","next":"us-tn/tenn.-code-ann.-48-230-102"},"notice":"GroundRules: Original legal text. Not legal advice."}