W. Va. Code § 36-13-22
Consensus formation algorithms and governance process
West Virginia · West Virginia Code Chapter 36 — Estates and Property · Status: effective
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- W. Va. Code § 36-13-22, Consensus formation algorithms and governance process, West Virginia, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2385045
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Full text
In accordance with its governing principles, a decentralized unincorporated nonprofit association may:
(1) Adopt any reasonable algorithmic means for establishing consensus for the validation of records, as well as for establishing requirements, processes and procedures for conducting operations or making organizational decisions with respect to the distributed ledger technology used by the decentralized unincorporated nonprofit association; and
(2) In accordance with any procedure specified pursuant to §36-13-21 of this code, modify the consensus mechanism, as well as the requirements, processes and procedures or substitute a new consensus mechanism, requirements, processes or procedures that comply with this state's law and the governing principles of the nonprofit association.