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

Renumbered 10/1/2026

113 words·~1 min read·/ut/title-48/chapter-5/10-4

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
48-5-104. Legal personality.
A decentralized autonomous organization that meets the requirements of this act:
(1)shall be deemed a legal entity separate and distinct from the decentralized autonomous organization's members;
(2)has the capacity to sue and be sued in the decentralized autonomous organization's own name and the power to do all things necessary or convenient to carry on the decentralized autonomous organization's activities and affairs;
(3)shall meet the decentralized autonomous organization's liabilities through the decentralized autonomous organization's assets;
(4)may have any lawful purpose; and
(5)has perpetual duration.
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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