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N.H. Rev. Stat. Ann. § 301-B:26

DAO Restructuring

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

I. In the event that there is not a contentious fork and a New Hampshire DAO's smart contract is restructured through modification, upgrade or migration, it shall retain its legal personality and limited liability only to the extent that:

(a) The new code of the New Hampshire DAO continues to satisfy all the listing requirements of RSA 301-B:13.

(b) In the event of migration, where the New Hampshire DAO has to be associated with a new unique public address, proper notice is provided by way of public signaling.

II. Failure to meet these requirements shall result in a deregistration of the New Hampshire DAO and loss of legal personality and limited liability effective at the time of restructuring.

III. The New Hampshire DAO restructured in accordance with paragraph I shall be the universal successor of the original DAO and inherit its rights and obligations.

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.