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Vermont · Through 2025 session

11 V.S.A. § 4175: Consensus formation algorithms and governance processes

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Where this section sits in the code
  1. Title 11: Corporations, Partnerships and Associations
  2. Chapter 025: Limited Liability Companies
  3. Subchapter 012: BLOCKCHAIN-BASED LIMITED LIABILITY COMPANIES

In its governance, a BBLLC may:

(1) adopt any reasonable algorithmic means for accomplishing the consensus process for validating records, as well as requirements, processes, and procedures for conducting operations, or making organizational decisions on the blockchain technology used by the BBLLC; and

(2) in accordance with any procedure specified pursuant to section 4173 of this title, modify the consensus process, requirements, processes, and procedures, or substitute a new consensus process, requirements, processes, or procedures that comply with the requirements of law and the governance provisions of the BBLLC.

Collected 2026-09-05T16:01:21Z. Source file · JSON

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