{"data":{"id":"us-tn/tenn.-code-ann.-48-235-102","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 48-235-102","heading":"Restatement of value of previous contributions","body":"(a) Definition. As used in this section, an \"old\" contribution is a contribution reflected in the required records of an LLC before the time the LLC accepts a new contribution.\n(b) Restatement Required. Whenever an LLC accepts a new contribution, the board of governors of a board-governed LLC or the members shall restate the value of all old contributions if and as required by applicable federal tax law.","path":["TN Code","Title 48","Chapter 235"],"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":"9d24e1eae635175537e6be3069342131accfebdebe63f7e741f42c12d36ff36c","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-48-235-101","next":"us-tn/tenn.-code-ann.-48-236-101"},"notice":"GroundRules: Original legal text. Not legal advice."}