GroundRules
Utah Code § 48-5-405: Failure event.
Where this section sits in the code
- Title 48 Unincorporated Business Entity Act
- Chapter 48-5 Decentralized Autonomous Organization Act
- Part 48-5-4 Miscellaneous Provisions
(1) In the case of a failure event, legal personality and limited liability are maintained to the extent necessary to protect decentralized autonomous organization members and participants from personal liability.
(2) A failure event may trigger liability on the person deploying or upgrading the decentralized autonomous organization if that person:
(a) acted in bad faith; or
(b) engaged in gross negligence.
Collected 2026-09-03T11:34:33Z. Source file · JSON