48-247-110 - Penalty for transacting business in Tennessee in violation of articles.
48-247-110. Penalty for transacting business in Tennessee in violation of articles.
In the event that the LLC is prohibited from transacting business in Tennessee by its articles but actually transacts business in Tennessee and but for § 48-247-103(d) it would have paid a larger filing fee, the LLC shall be fined an amount equal to three (3) times the annual filing fee, less the amount actually paid, for each year or part thereof in which it actually does business in Tennessee.
[Acts 1995, ch. 403, § 87.]