yourstate.us
Utah Code § 16-22-202

Limited liability

Utah · Utah Code Title 16 — Business Entities · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Utah Code § 16-22-202, Limited liability, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2328708
Permanent ID
ys:prov:2328708@1
SHA-256
1a2d14c7e6c7764023f73e1311fecfa10768830efd9c9da8346ff84066b7539f

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(1) Except as set forth in Subsections (2) and (3), a member: (a) may only be liable for the on-chain contributions that the member has committed to the decentralized autonomous organization; (b) may not be held personally liable for any excess liability after the decentralized autonomous organization's assets have been exhausted; (c) may not be held personally liable for any obligation incurred by the decentralized autonomous organization; and (d) may not be held personally liable, in the member's capacity as a member, for the wrongful act or omission of any other member of the decentralized autonomous organization. (2) If a decentralized autonomous organization refuses to comply with an enforceable judgment, order, or award entered against the decentralized autonomous organization, the members who voted against compliance may be liable for any monetary payments ordered in the judgment, order, or award in proportion to the member's share of governance rights in the decentralized autonomous organization. (3) Subsections (1) and (2) do not affect the personal liability of a member in tort for a member's own wrongful act or omission.