{"data":{"id":"us-tn/tenn.-code-ann.-48-250-110","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 48-250-110","heading":"Membership interests for member-managed decentralized organizations - Voting","body":"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:\n(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;\n(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\n(3) A quorum requires no less than a majority of membership interests entitled to vote.","path":["TN Code","Title 48","Chapter 250"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"63d6f9153f7eafeeb7f359b23a96608e02c9fcce79ce702ecc86aa46067839fc","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-48-250-109","next":"us-tn/tenn.-code-ann.-48-250-111"},"notice":"GroundRules: Original legal text. Not legal advice."}