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Utah Code
2025 Utah Code
Title 48 - Unincorporated Business Entity Act
Chapter 5 - Decentralized Autonomous Organization Act
Part 4 - Miscellaneous Provisions
Section 404 - Restructuring.
Universal Citation:
UT Code § 48-5-404 (2025)
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Effective 1/1/2024
48-5-404. Restructuring.
Enacted by Chapter 85, 2023 General Session
48-5-404. Restructuring.
- (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.
Enacted by Chapter 85, 2023 General Session
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