Standards of conduct for members

Unless otherwise provided for in the articles of organization or operating agreement, a member of a decentralized organization does not have a fiduciary duty to the organization or another member; except, that the member is subject to the implied contractual covenant of good faith and fair dealing. Added by 2022 Tenn. Acts, ch. 852, s 1, eff. 4/20/2022. Unless otherwise provided for in the articles of organization or operating agreement, a member of a decentralized organization does not have a fiduciary duty to the organization or another member; except, that the member is subject to the implied contractual covenant of good faith and fair dealing. Added by 2022 Tenn. Acts, ch. 852, s 1, eff. 4/20/2022.