GroundRules
Utah Code § 48-5-307: No implicit fiduciary status.
Where this section sits in the code
- Title 48 Unincorporated Business Entity Act
- Chapter 48-5 Decentralized Autonomous Organization Act
- Part 48-5-3 Members
A developer, member, participant, or legal representative of a decentralized autonomous organization may not be imputed to have fiduciary duties towards each other or third parties solely on account of their role, unless the developer, member, participant, or legal representative:
(1) explicitly holds themselves out as a fiduciary; or
(2) stipulates to assume a fiduciary status as provided in the decentralized autonomous organization's by-laws.
Collected 2026-09-03T11:34:33Z. Source file · JSON