Wyoming Statutes
§ 17-32-121 — Utilization of distributed ledger technology
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 32 WYOMING DECENTRALIZED UNINCORPORATED NONPROFIT
(a)A decentralized unincorporated nonprofit association
may provide for its governance, in whole or in part, through
distributed ledger technology, including smart contracts.
(b)The governing principles for a decentralized
unincorporated nonprofit association may:
(i)Specify whether any distributed ledger technology
utilized or enabled by the decentralized unincorporated
nonprofit association will be fully immutable or subject to
change by the nonprofit association and whether any distributed
ledger will be fully or partially public or private, including
the extent of a member's access to information;
(ii)Adopt voting procedures, which may include smart
contracts deployed to distributed ledger technology that provide
for the following:
(A)Proposals from members or administrators in
th
Free access — add to your briefcase to read the full text and ask questions with AI
Wyoming § 17-32-121 (Utilization of distributed ledger technology) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 17-32-101
Short title§ 17-32-102
Definitions§ 17-32-103
Governing law; territorial application§ 17-32-104
Profits; prohibitions on distributions and
dividends; compensation and other permitted payments§ 17-32-106
Statement of authority as to real property§ 17-32-107
Liability in tort or contract§ 17-32-108
Capacity to assert and defend; standing§ 17-32-109
Effect of judgement or order§ 17-32-111
Summons and complaint; service on whom§ 17-32-113
Venue§ 17-32-116
Member resignation