Tennessee Statutes
§ 48-250-109 — Standards of conduct for members
Tennessee § 48-250-109
JurisdictionTennessee
Title48
This text of Tennessee § 48-250-109 (Standards of conduct for members) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tenn. Code Ann. § 48-250-109 (2026).
Text
Unless otherwise provided for in the articles of organization or operating agreement, a member of a decentralized organization does not have a fiduciary duty to the organization or another member; except, that the member is subject to the implied contractual covenant of good faith and fair dealing.
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Legislative History
Added by 2022 Tenn. Acts, ch. 852, s 1, eff. 4/20/2022.
Nearby Sections
15
§ 48-1-101
Short title§ 48-1-102
Part definitions§ 48-1-103
Exemptions§ 48-1-105
Registration by coordination§ 48-1-106
Registration by qualification§ 48-1-109
Registration as broker-dealers, agents, investment advisers, and investment adviser representatives§ 48-1-111
Records and reports - Examinations§ 48-1-115
AdministrationCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 48-250-109, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/48-250-109.