48-218-104 - Effective date of assignments. - Tennessee Statutes

48-218-104. Effective date of assignments.

Any permissible assignment of financial rights under § 48-218-101 and of governance rights under § 48-218-102 will be effective as to and binding on the LLC only when the assignee's name, address, social security or taxpayer identification number and the nature and extent of the assignment are reflected in the required records of the LLC.

[Acts 1994, ch. 868, § 1.]