Tennessee § 48-250-112 Disassociation of members

Tennessee Statutes

§ 48-250-112 — Disassociation of members

Tennessee § 48-250-112

Title48

This text of Tennessee § 48-250-112 (Disassociation of 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. § 48-250-112 (2026).

Text

(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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(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.