16-22-305. Administrators.
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/ut/title-16/chapter-22/16-22-305A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 10/1/2026
16-22-305. Administrators.
(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.
Renumbered and Amended by Chapter 92 , 2026 General Session