Tenn. Code § 48-250-112

Current through Acts 2023-2024, ch. 1069
Section 48-250-112 - Disassociation of members
(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.

T.C.A. § 48-250-112

Added by 2022 Tenn. Acts, ch. 852, s 1, eff. 4/20/2022.