{"data":{"id":"us-ut/utah-code-48-5-301","jurisdiction":"us-ut","citation":"Utah Code § 48-5-301","heading":"Classes of participation rights -- Membership.","body":"(1) A decentralized autonomous organization's by-laws may create multiple classes of member participation rights.\n(2) Where the decentralized autonomous organization has tokens providing governance powers to the token holder, the token holder shall be considered a member of the decentralized autonomous organization:\n(a) from the time the ownership of the tokens is established to be in the possession of an address; or\n(b) from the time when ownership is first acknowledged by the token holder through an on-chain interaction with the decentralized autonomous organization.\n(3) This section does not apply in the event of a hard fork.","path":["Title 48 Unincorporated Business Entity Act","Chapter 48-5 Decentralized Autonomous Organization Act","Part 48-5-3 Members"],"source_url":"https://le.utah.gov/xcode/Title48/Chapter5/48-5-S301.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"27bfef1c97c41aca5c4c953b661909fff55be404a21cd922bb9b508298798cad","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-48-5-204","next":"us-ut/utah-code-48-5-302"},"notice":"GroundRules: Original legal text. Not legal advice."}