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

Virginia SB782, Corporations; limited liability decentralized autonomous organizations (LLDs)., is a 2027 Regular Session Senate bill sponsored by Saddam Azlan Salim (Democratic); status in committee, last action 2026-07-21 (Continued from last session) (as of 2026-10-11).

- Canonical: https://policyrisk.com/state-bill/VA-SB782-2027
- 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: 2027 Regular Session
- Title: Corporations; limited liability decentralized autonomous organizations (LLDs).
- Status: in committee
- Chamber: Senate
- Introduced: 2026-01-22
- Last action: 2026-07-21, Continued from last session
- Sponsor: Saddam Azlan Salim (Democratic)
- Cosponsors: 0
- Subjects: Commerce and Labor
- Touches household money: no
- 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

## Actions (6)

- 2026-07-21: Continued from last session (Senate)
- 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.virginia.gov/bill-details/20271/SB782)
- Introduced, 2026-01-22: [HTML](https://lis.blob.core.windows.net/files/1230254.HTML), [PDF](https://lis.blob.core.windows.net/files/1230253.PDF)

## Related bills

- SB844: Licensed clinical psychologists; prescriptive authority; report. (in committee)
- HB1535: Individuals with developmental or intellectual disabilities; admissibility of statements. (introduced)
- HB1534: School service providers; deletion of student and family personal information. (introduced)
- SB843: Data centers; state permitting, local approval, moratorium, sunset. (in committee)
- SB842: High school student athletes; eligibility, enrollment. (in committee)
- SB840: Corrections, Director of the Department of; placement of inmates, Red Onion State Prison. (in committee)

## Sources
- [Amendment (HTML)](https://lis.virginia.gov/bill-details/20271/SB782)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1230254.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1230253.PDF)

## Related
- [SB844: Licensed clinical psychologists; prescriptive authority; report.](https://policyrisk.com/state-bill/VA-SB844-2027)
- [HB1535: Individuals with developmental or intellectual disabilities; admissibility of s…](https://policyrisk.com/state-bill/VA-HB1535-2027)
- [HB1534: School service providers; deletion of student and family personal information.](https://policyrisk.com/state-bill/VA-HB1534-2027)
- [SB843: Data centers; state permitting, local approval, moratorium, sunset.](https://policyrisk.com/state-bill/VA-SB843-2027)
- [SB842: High school student athletes; eligibility, enrollment.](https://policyrisk.com/state-bill/VA-SB842-2027)
- [SB840: Corrections, Director of the Department of; placement of inmates, Red Onion Sta…](https://policyrisk.com/state-bill/VA-SB840-2027)
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Source: PRIA, https://policyrisk.com/state-bill/VA-SB782-2027 (as of 2026-10-11).