{"data":{"id":"us-tn/tenn.-code-ann.-48-250-113","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 48-250-113","heading":"Dissolution","body":"(a) A decentralized organization is dissolved upon the occurrence of the following: (1) The period fixed for the duration of the organization expires; (2) By vote of the majority of the members of a member-managed decentralized organization; (3) At the time or upon the occurrence of events specified in the underlying smart contracts, or articles of organization, or operating agreement; (4) The decentralized organization failed to approve proposals or take actions for a period of one (1) year; or (5) By order of the secretary of state, if the decentralized organization is deemed to no longer perform a lawful purpose. (b) As soon as possible following the occurrence of an event specified in subsection (a), the organization must execute a statement of intent to dissolve in the form prescribed by the secretary of state. Added by 2022 Tenn. Acts, ch. 852, s 1, eff. 4/20/2022.\n(a) A decentralized organization is dissolved upon the occurrence of the following: (1) The period fixed for the duration of the organization expires; (2) By vote of the majority of the members of a member-managed decentralized organization; (3) At the time or upon the occurrence of events specified in the underlying smart contracts, or articles of organization, or operating agreement; (4) The decentralized organization failed to approve proposals or take actions for a period of one (1) year; or (5) By order of the secretary of state, if the decentralized organization is deemed to no longer perform a lawful purpose.\n(1) The period fixed for the duration of the organization expires;\n(2) By vote of the majority of the members of a member-managed decentralized organization;\n(3) At the time or upon the occurrence of events specified in the underlying smart contracts, or articles of organization, or operating agreement;\n(4) The decentralized organization failed to approve proposals or take actions for a period of one (1) year; or\n(5) By order of the secretary of state, if the decentralized organization is deemed to no longer perform a lawful purpose.\n(b) As soon as possible following the occurrence of an event specified in subsection (a), the organization must execute a statement of intent to dissolve in the form prescribed by the secretary of state.","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":"e8ca089afcd23b0555818e726e509d40c4c6a2e1c7b9dbd58a88205f9a8f8528","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-48-250-112","next":"us-tn/tenn.-code-ann.-48-250-114"},"notice":"GroundRules: Original legal text. Not legal advice."}