Tennessee Code 48-250-111 – Right to information
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 48-250-111
- Decentralized organization: means a decentralized organization, organized under this chapter. See Tennessee Code 48-250-101
- Distributed ledger technology: means a distributed ledger protocol and supporting infrastructure, including blockchain, that uses a distributed, decentralized, shared, and replicated ledger, whether it be public or private, permissioned or permissionless, and that may include the use of electronic currencies or electronic tokens as a medium of electronic exchange. See Tennessee Code 48-250-101
- Member: means a person reflected in the required records of an LLC as the owner of some governance rights of a membership interest of the LLC. See Tennessee Code 48-202-101
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
A member does not have a right under this chapter to separately inspect or copy records of a decentralized organization, and the organization does not have an obligation to furnish information concerning the organization’s activities, financial condition, or other circumstances to the extent the information is available on publicly available distributed ledger technology.