Utah Statutes
§ 48-5-301 — Classes of participation rights -- Membership.
Utah § 48-5-301
JurisdictionUtah
Title 48Unincorporated Business Entity Act
Ch. 48-5Decentralized Autonomous Organization Act
Part 48-5-3Members
This text of Utah § 48-5-301 (Classes of participation rights -- Membership.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Utah Code Ann. § 48-5-301 (2026).
Text
(1)A decentralized autonomous organization's by-laws may create multiple classes of member participation rights.
(2)Where the decentralized autonomous organization has tokens providing governance powers to the token holder, the token holder shall be considered a member of the decentralized autonomous organization:
(2)(a) from the time the ownership of the tokens is established to be in the possession of an address; or
(2)(b) from the time when ownership is first acknowledged by the token holder through an on-chain interaction with the decentralized autonomous organization.
(3)This section does not apply in the event of a hard fork.
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Legislative History
Enacted by Chapter 85, 2023 General Session
Nearby Sections
15
§ 48-1c-101
Title.§ 48-1d-1001
Definitions.§ 48-1d-1002
Relationship of part to other laws.§ 48-1d-1003
Required notice or approval.§ 48-1d-1004
Status of filings.§ 48-1d-1005
Nonexclusivity.§ 48-1d-1006
Reference to external facts.§ 48-1d-1007
Alternative means of approval of transactions.§ 48-1d-1008
Appraisal rights.§ 48-1d-101
Title.§ 48-1d-102
Definitions.§ 48-1d-1021
Merger authorized.§ 48-1d-1022
Plan of merger.§ 48-1d-1023
Approval of merger.§ 48-1d-1024
Amendment or abandonment of plan of merger.Cite This Page — Counsel Stack
Bluebook (online)
Utah § 48-5-301, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/48-5-301.