Wyoming Statutes
§ 17-32-122 — Consensus formation algorithms and governance process
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 32 WYOMING DECENTRALIZED UNINCORPORATED NONPROFIT
(a)In accordance with its governing principles, a
decentralized unincorporated nonprofit association may:
(i)Adopt any reasonable algorithmic means for
establishing consensus for the validation of records, as well as
for establishing requirements, processes and procedures for
conducting operations or making organizational decisions with
respect to the distributed ledger technology used by the
decentralized unincorporated nonprofit association; and
(ii)In accordance with any procedure specified
pursuant to W.S. 17-32-121, modify the consensus mechanism, as
well as the requirements, processes and procedures or substitute
a new consensus mechanism, requirements, processes or procedures
that comply with this state's law and the governing principles
of the nonprofit association.
Free access — add to your briefcase to read the full text and ask questions with AI
Wyoming § 17-32-122 (Consensus formation algorithms and governance process) — 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