Developers, participants, administrators or legal representatives of a DAO shall not be imputed to have fiduciary duties towards each other or third parties solely on the basis of their role, unless the person acting in such a role explicitly holds itself out as a fiduciary, or the bylaws expressly provide that such person is a fiduciary with respect to each power granted to such person.
N.H. Rev. Stat. Ann. § 301-B:20
No Implicit Fiduciary Status
Known as the New Hampshire Decentralized Autonomous Organization Act
The act spans §§ 301-B:1 to 301-B:9 (31 sections).
Source. 2024, 263:1, eff
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.