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N.H. Rev. Stat. Ann. § 301-B:25

Contentious Forks in the Underlying Blockchain

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

In the event of a hard fork in the underlying permissionless blockchain:

I. By default, the New Hampshire DAO retains its legal personality and limited liability, and the legal representative remains the legal representative of the majority chain, and any off-chain assets shall belong to the New Hampshire DAO on the majority chain.

II. The New Hampshire DAO may choose to maintain legal presence on a minority chain if it expresses its intent to do so by public signaling, and in that case any off-chain assets shall belong to the New Hampshire DAO on the selected minority chain.

III. The New Hampshire DAO may liquidate its on-chain assets following a hard fork in order to move those assets to the chosen chain.

IV. Alternatively, the New Hampshire DAO may choose to split into multiple legal entities, each on a separate chain, if it communicates by public signaling:

(a) Its intent to do so, and

(b) There is a definitive distribution of off-chain assets between the majority and minority chains.

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.