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Code · Utah · Title 16 — Corporations · Chapter 22

16-22-401. Asset subscription and payment.

117 words·~1 min read·/ut/title-16/chapter-22/16-22-401

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

Effective 10/1/2026
16-22-401. Asset subscription and payment.
(1)No minimum capital requirements may apply to a decentralized autonomous organization recognized by this act.
(2)If the decentralized autonomous organization wishes to maintain a minimum amount of capital, the by-laws of the decentralized autonomous organization shall specify the rules for subscription and payment.
(3)The by-laws shall provide the rules for exiting the decentralized autonomous organization that address the consequences of voluntary and involuntary member and participant exit on subscriptions and payments made by the member or participant.
(4)No member may compel the dissolution of the decentralized autonomous organization for failure to return the member's on-chain contribution.
Renumbered and Amended by Chapter 92 , 2026 General Session
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