Wyo. Stat. Ann. § 17-31-111
Membership interests for decentralized autonomous organizations; voting
Redline — May 1, 2021 → current.View current text →
Current — August 1, 2022
As of May 1, 2021
(1) For purposes of W.S. 17-31-113 and 17-31-114 and unless otherwise provided for in the articles of organization, smart contract or operating agreement: Membership interests in a member managed decentralized autonomous organization shall be calculated by dividing a member’s contribution of digital assets to the organization divided by the total amount of digital assets contributed to the organization at the time of a vote;
(1) For purposes of W.S. 17-31-113 and 17-31-114 and unless otherwise provided for in the articles of organization, smart contract or operating agreement: Membership interests in a decentralized autonomous organization shall be calculated by dividing a member’s contribution of digital assets to the organization by the total amount of digital assets contributed to the organization at the time of a vote; or
(2) If members do not contribute digital assets to an organization as a prerequisite to becoming a member, each member shall possess one (1) membership interest and be entitled to one (1) vote;
(2) If all members have not contributed digital assets to an organization as a prerequisite to becoming a member, each member shall possess one (1) membership interest and be entitled to one (1) vote;
(3) A quorum shall require not less than a majority of membership interests entitled to vote.
(3) Repealed by Laws 2022, ch. 36, § 2.
Official source: Wyoming Legislature. Reproduced from public-domain Wyoming statutes; confirm against the official source for the current text. Not legal advice.