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Wyo. Stat. Ann. § 17-32-122

Consensus formation algorithms and governance process

Known as the Wyoming Decentralized Unincorporated Nonprofit Association Act

The act spans §§ 17-32-101 to 17-32-129 (28 sections).

(a) In accordance with its governing principles, a decentralized unincorporated nonprofit association may:

(i) Adopt any reasonable algorithmic means for establishing consensus for the validation of records, as well as for establishing requirements, processes and procedures for conducting operations or making organizational decisions with respect to the distributed ledger technology used by the decentralized unincorporated nonprofit association; and (ii) In accordance with any procedure specified pursuant to W.S. 17-32-121, modify the consensus mechanism, as well as the requirements, processes and procedures or substitute a new consensus mechanism, requirements, processes or procedures that comply with this state's law and the governing principles of the decentralized unincorporated nonprofit association.

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