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

Renumbered 10/1/2026

91 words·~1 min read·/ut/title-48/chapter-5/10-20

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
48-5-307. 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
Enacted by Chapter 85 , 2023 General Session
★   the supreme law of the land   ★
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