Jurisdictional Updates 4-28-2022

Jurisdictional Updates 4-28-2022

Tennessee – LLC Act Amended to Permit Conversion to a Decentralized Organization and Notary Requirement Changes

House Bill 2645 (Chapter 852) signed by the governor and effective April 20 amends the LLC Act to permit LLC conversions to a decentralized organization with a notice of restrictions on duties and transfers in the articles of organization and include entity endings DO, DAO, DO LLC or DAO LLC.  The bill text can be accessed at  https://www.capitol.tn.gov/Bills/112/Amend/HA0748.pdf

Senate Bill 1935 (Chapter 773) signed by the governor and effective April 8 removes notarization requirements and requirements of sworn under penalty of perjury for charitable solicitations and certain other documents filed with the Secretary of State.  The bill text can be accessed at https://publications.tnsosfiles.com/acts/112/pub/pc0773.pdf