48-248-501 - Foreign professional limited liability companies. - Tennessee Statutes

48-248-501. Foreign professional limited liability companies.

(a)  Except as provided in subsection (c), a foreign PLLC may not transact business in this state until it obtains a certificate of authority from the secretary of state.

(b)  A foreign PLLC may not register unless:

     (1)  Its name satisfies the requirements of § 48-248-301;

     (2)  It is organized for one (1) or more of the purposes referenced in and satisfies the requirements of § 48-248-104; and

     (3)  All of its members, all of its governors (or their equivalent), if any, and all managers (or their equivalent) are licensed in one (1) or more states to render a professional service described in its articles; provided, that if the licensing authority of this state permits persons other than qualified persons to serve as governors, if any, or managers of a PLLC, not less than one half (½) of its governors, if any, and all managers except the secretary and treasurer, if any, of a PLLC shall be qualified persons with respect to the PLLC.

(c)  A foreign PLLC is not required to obtain a certificate of authority in this state unless it maintains or intends to maintain an office in this state for conduct of business or professional practice.

[Acts 1994, ch. 868, § 1; 1995, ch. 403, § 94.]