This course features an overview of the Tennessee Limited Liability Act (the Prior Act) and the Tennessee Revised Limited Liability Act (the Revised Act), including an important reminder that the Prior Act is alive and well, remains effective, and continues to govern LLCs formed prior to January 1, 2006 that have not elected to be governed by the Revised Act.  Specifically, the presentation addresses significant distinctions between the Prior Act and the Revised Act, including those with respect to: management paradigms; agency authority of members, managers, governors, directors, and officers; termination of membership interests; dissolution; and private ordering of affairs under LLC documents. 

SAVE MONEY: Use the prepaid CLE credits that come with your TBA Complete Membership and take this course for free. Not a TBA member, join now to start saving.