Chapter Definitions
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Law
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Tennessee Code
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Securities, Corporations and Associations
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Professional Limited Liability Companies
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General
- Chapter Definitions
As used in this chapter, unless the context otherwise requires:
- “Disqualified person” means an individual or entity that for any reason is or becomes ineligible under this chapter to be a member of a PLLC;
- “Domestic professional LLC” means a professional LLC formed under chapters 201-248 of this title;
- “Foreign professional LLC” means a foreign LLC formed for the purpose of rendering professional services under a law other than the law of this state;
- “Law” includes rules promulgated in accordance with § 48-248-603;
- “Licensing authority” means the officer, board, agency, court or other authority in this state empowered to license or otherwise authorize the rendition of a professional service;
- “Professional LLC” or “PLLC” means an LLC, other than a foreign professional LLC, which has elected to become subject to this chapter;
- “Professional service” means a service that may be lawfully rendered only by a person licensed or otherwise authorized by a licensing authority in this state to render the service and that may not be lawfully rendered by a corporation under the Tennessee Business Corporation Act, compiled in chapters 11-27 of this title or by an LLC under chapters 201-248 of this title; and
- “Qualified person” means an individual, general partnership, professional corporation, professional association or PLLC that is eligible under § 48-248-401 to be a member of a PLLC.
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