DATE:
09/18/01
SUBJECT/TOPIC:
FOREIGN ENTITIES
  Q:
Please advise as to whether or not one should handle a conveyance of real estate from a foreign limited liability company not qualified to do business in the State of Tennessee. The property was deeded to the LLC in 1999 And to get a certificate of authority would require filing fee as well as penalty.
  A:
Thanks for your question. Owning real estate, without more (e.g., leasing, managing, etc.) does not require qualification. In any event, a conveyance would not be void. See TCA 48-246-102 and 48-246-601. Thus, I don't see a problem handling the sale.
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