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Code · Utah · Title 16 — Corporations · Chapter 22

16-22-307. No implicit fiduciary status.

81 words·~1 min read·/ut/title-16/chapter-22/16-22-307

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 10/1/2026
16-22-307. No implicit fiduciary status.
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.
Renumbered and Amended by Chapter 92 , 2026 General Session
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