GroundRules
Utah Code § 16-22-305: Administrators.
Where this section sits in the code
- Title 16 Business Entities
- Chapter 16-22 Decentralized Autonomous Organization Act
- Part 16-22-3 Members
(1) Unless mandated in the decentralized autonomous organization's by-laws, a decentralized autonomous organization is not required to have an administrator, including a board of directors or a trustee.
(2) In the absence of a provision requiring administrators, all the powers and tasks of an administrator shall be vested in the decentralized autonomous organization members as a class.
(3) The voting mechanism for nominating and appointing an administrator shall be set out in the decentralized autonomous organization's by-laws.
Collected 2026-10-08T05:55:33Z. Source file · JSON