Tenn. Code § 48-245-901 : CORPORATIONS AND ASSOCIATIONS —LIMITED LIABILITY COMPANIES — DISSOLUTION GENERALLY — JUDICIAL INTERVENTION —245-901 - Judicial intervention and dissolution TEXT PDF A court may grant any equitable relief it considers just and reasonable in the circumstances or may dissolve an LLC and/or direct that the dissolved entity be merged into another or new LLC or other entity on the terms and conditions the court deems equitable. T.C.A. § 48-245-901 Acts 1994, ch. 868, § 1.