Tenn. Code Ann. § 48-250-110: Membership interests for member-managed decentralized organizations - Voting

For purposes of §§ 48-250-112 and 48-250-113 , and unless otherwise provided for in the articles of organization, smart contract, or operating agreement:

(1) Membership interests in a member-managed decentralized organization are calculated by dividing a member's contribution of digital assets to the organization divided by the total amount of digital assets contributed to the organization at the time of a vote;

(2) If members do not contribute digital assets to an organization as a prerequisite to becoming a member, each member possesses one (1) membership interest and is entitled to one (1) vote; and

(3) A quorum requires no less than a majority of membership interests entitled to vote.