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Code · Utah · Title 48 — Unincorporated Business Entity Act · Chapter 5

Renumbered 10/1/2026

126 words·~1 min read·/ut/title-48/chapter-5/10-14

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

Effective 1/1/2024
Renumbered 10/1/2026
48-5-301. Classes of participation rights -- Membership.
(1)A decentralized autonomous organization's by-laws may create multiple classes of member participation rights.
(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:
(a)from the time the ownership of the tokens is established to be in the possession of an address; or
(b)from the time when ownership is first acknowledged by the token holder through an on-chain interaction with the decentralized autonomous organization.
(3)This section does not apply in the event of a hard fork.
Renumbered and Amended by Chapter 92 , 2026 General Session
Enacted by Chapter 85 , 2023 General Session
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