Public-domain · open source
OpenJurist

Utah Code § 48-5-404

Restructuring

Renumbered and Amended by Chapter 92, 2026 General Session; Enacted by Chapter 85, 2023 General Session; End date 10/1/2026

(1) When a decentralized autonomous organization is restructured, whether through modification, upgrade, or migration, the decentralized autonomous organization's legal personality and limited liability is retained only to the extent that:

(a) the new software code of the decentralized autonomous organization fulfills all the formation requirements of Section 48-5-201; and

(b) where the decentralized autonomous organization has to be associated with a new unique public address, proper notice is provided by way of public signal.

(2) A decentralized autonomous organization that is restructured in compliance with Subsection (1) inherits the rights and obligations of the original decentralized autonomous organization as a successor.

Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.