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Code · Utah · Title 16 — Corporations · Chapter 22

16-22-405. Failure event.

76 words·~1 min read·/ut/title-16/chapter-22/16-22-405

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

Effective 10/1/2026
16-22-405. Failure event.
(1)In the case of a failure event, legal personality and limited liability are maintained to the extent necessary to protect decentralized autonomous organization members and participants from personal liability.
(2)A failure event may trigger liability on the person deploying or upgrading the decentralized autonomous organization if that person:
(a)acted in bad faith; or
(b)engaged in gross negligence.
Renumbered and Amended by Chapter 92 , 2026 General Session
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