Disassociation of members

Tenn. Code Ann. § 48-250-112, under Decentralized Organization.

Tenn. Code Ann. § 48-250-112

(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.