{"data":{"id":"us-tn/tenn.-code-ann.-48-231-205","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 48-231-205","heading":"Duty to demand payment","body":"(a) A member sent a dissenters' notice described in § 48-231-204 must demand payment and certify whether the member acquired the membership interest before the date required to be set forth in the dissenters' notice pursuant to § 48-231-204(b)(2) .\n(b) The member who demands payment under subsection (a) retains all other rights of a member until these rights are cancelled or modified by the effectuation of the proposed LLC action.\n(c) A member who does not demand payment by the date set in the dissenters' notice is not entitled to payment for such member's membership interest under this chapter.\n(d) A demand for payment filed by a member may not be withdrawn unless the LLC with which it was filed, or the surviving LLC, consents to such withdrawal.","path":["TN Code","Title 48","Chapter 231"],"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":"a9b0100f0cdcec1d83a11f4334ae87dc5eaafe78731fcbbbc604ddd272e6ce58","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-48-231-204","next":"us-tn/tenn.-code-ann.-48-231-206"},"notice":"GroundRules: Original legal text. Not legal advice."}