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Section 48-250-112 - Disassociation of members — Tennessee Law | CourtGPT
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  7. Section 48-250-112 - Disassociation of members
Tennessee Legal Code

Section 48-250-112 - Disassociation of members

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