{"data":{"id":"us-tn/tenn.-code-ann.-48-248-402","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 48-248-402","heading":"Transfers","body":"(a) Subject to §§ 48-218-101 and 48-218-102 , a member of a PLLC may transfer, assign or pledge such member's financial rights, governance rights, or membership interest in the PLLC only to individuals, general partnerships, professional corporations, and other PLLCs qualified under § 48-248-401 ; provided, that nothing in this section shall be construed as prohibiting such a member from pledging the financial rights of that member's membership interest to a financial institution as collateral for a loan.\n(b) A transfer, assignment or pledge of the financial rights, governance rights or membership interests made in violation of subsection (a), except one made by operation of law or court judgment, is void.","path":["TN Code","Title 48","Chapter 248"],"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":"c8e2443c6ffbb7495a9f37a6f9c0e8f67dce9390911193b2d0c2dfb92e83ac18","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-48-248-401","next":"us-tn/tenn.-code-ann.-48-248-403"},"notice":"GroundRules: Original legal text. Not legal advice."}