# Virginia SB782: Corporations; limited liability decentralized autonomous organizations (LLDs).

Virginia SB782, Corporations; limited liability decentralized autonomous organizations (LLDs)., is a 2026 Regular Session Senate bill sponsored by Saddam Azlan Salim (Democratic); status in committee, last action 2026-02-02 (Senate committee amendments offered) (as of 2026-10-11).

- Canonical: https://policyrisk.com/state-bill/VA-SB782-2026
- As of: 2026-10-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia SB782
- State: Virginia
- Session: 2026 Regular Session
- Title: Corporations; limited liability decentralized autonomous organizations (LLDs).
- Status: in committee
- Chamber: Senate
- Introduced: 2026-01-22
- Last action: 2026-02-02, Senate committee amendments offered
- Sponsor: Saddam Azlan Salim (Democratic)
- Cosponsors: 0
- Subjects: Commerce and Labor
- Touches household money: no
- Roll calls: 1 (15 yes, 0 no in all)
- Economic provisions PRIA read: 0

## Summary

Corporations; limited liability decentralized autonomous organizations (LLDs). Creates the Limited Liability Decentralized Autonomous Organization (LLD) Act, which establishes requirements for an LLD, defined as a distinct legal entity that operates through decentralized governance using blockchain technology and smart contracts that execute decentralized decision-making mechanisms. The bill permits the formation of an LLD by filing articles of formation with the State Corporation Commission (the Commission), and, if certain requirements are met, the Commission may issue a certificate of formation. The bill includes requirements for amending an LLD's articles of formation and also includes requirements for LLD bylaws, operating agreements, underlying smart contracts, and participant interests and management of the LLD. Under the bill, an LLD and its participants have limited liability for debts, obligations, and liabilities of the LLD. The bill also includes provisions related to recordkeeping, transferring interests, withdrawal of participants, and dissolution of the LLD. The bill directs the Commission to adopt emergency regulations to implement certain provisions of the bill. Except for the emergency rulemaking, the provisions of the bill have a delayed effective date of January 1, 2027.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Saddam Azlan Salim (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-02-02 | Senate | Continued to 2027 in Commerce and Labor | pass | 15 | 0 |   |

## Actions (5)

- 2026-02-02: Senate committee amendments offered (Senate)
- 2026-02-02: Continued to 2027 in Commerce and Labor (15-Y 0-N) (Senate)
- 2026-02-01: Fiscal Impact Statement from State Corporation Commission (SB782) (Senate)
- 2026-01-22: Referred to Committee on Commerce and Labor (Senate)
- 2026-01-22: Presented and ordered printed 26102324D (Senate)

## Bill text

- Amendment, 2026-02-02: [HTML](https://lis.blob.core.windows.net/files/1107569.HTML)
- Introduced, 2026-01-22: [HTML](https://lis.blob.core.windows.net/files/1094377.HTML), [PDF](https://lis.blob.core.windows.net/files/1094376.PDF)

## Related bills

- HB5: Employment; paid sick leave, civil penalties. (signed)
- SB199: Employment; paid sick leave, civil penalties. (signed)
- HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with rental agreement. (signed)
- HB1393: Electric utilities; pilot program for energy assistance and weatherization for certain individuals. (signed)
- HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, termination by landlord. (signed)
- HB675: Protection of employees; coercion or threat based on immigration status, civil penalty. (signed)

## Sources
- [Amendment (HTML)](https://lis.blob.core.windows.net/files/1107569.HTML)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1094377.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1094376.PDF)

## Related
- [HB5: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-HB5-2026)
- [SB199: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-SB199-2026)
- [HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with…](https://policyrisk.com/state-bill/VA-HB95-2026)
- [HB1393: Electric utilities; pilot program for energy assistance and weatherization for…](https://policyrisk.com/state-bill/VA-HB1393-2026)
- [HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, terminat…](https://policyrisk.com/state-bill/VA-HB834-2026)
- [HB675: Protection of employees; coercion or threat based on immigration status, civil…](https://policyrisk.com/state-bill/VA-HB675-2026)
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Source: PRIA, https://policyrisk.com/state-bill/VA-SB782-2026 (as of 2026-10-11).