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Tennessee Code Title 48. Corporations and Associations § 48-250-112

Current as of January 02, 2024 | Updated by Findlaw Staff

(a) A member may only disassociate from a decentralized organization in accordance with the terms set forth in the articles of organization, the smart contracts, or, if applicable, the operating agreement.

(b) A member of a decentralized organization is not able to have the organization dissolved for a failure to return the member's contribution to capital.

(c) Unless the organization's articles of organization, smart contracts, or operating agreement provide otherwise, a disassociated member forfeits all membership interests in the decentralized organization, including governance or economic rights.

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Cite this article: FindLaw.com - Tennessee Code Title 48. Corporations and Associations § 48-250-112 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-48-corporations-and-associations/tn-code-sect-48-250-112/

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