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

Renumbered 10/1/2026

86 words·~1 min read·/ut/title-48/chapter-5/10-25

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
48-5-405. 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
Enacted by Chapter 85 , 2023 General Session
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