(a) The articles of organization of a decentralized organization must:(1) Include a statement that the organization is a decentralized organization, pursuant to § 48-250-103;(2) Set forth the matters required by this chapter; and(3) Include a publicly available identifier of a smart contract directly used to manage, facilitate, or operate the decentralized organization.
(1) Include a statement that the organization is a decentralized organization, pursuant to § 48-250-103;
(2) Set forth the matters required by this chapter; and
(3) Include a publicly available identifier of a smart contract directly used to manage, facilitate, or operate the decentralized organization.
(b) Except as otherwise provided in this chapter, the articles of organization and the smart contracts for a decentralized organization govern the following:(1) Relations among the members and between the members and the decentralized organization;(2) Rights and duties under this chapter of a person in that person's capacity as a member;(3) Activities of the decentralized organization and the conduct of those activities;(4) Means and conditions for amending the operating agreement;(5) Rights and voting rights of members;(6) Transferability of membership interests;(7) Withdrawal of membership;(8) Distributions to members prior to dissolution;(9) Amendment of the articles of organization;(10) Procedures for amending applicable smart contracts; and(11) All other aspects of the decentralized organization.
(1) Relations among the members and between the members and the decentralized organization;
(2) Rights and duties under this chapter of a person in that person's capacity as a member;
(3) Activities of the decentralized organization and the conduct of those activities;
(4) Means and conditions for amending the operating agreement;
(5) Rights and voting rights of members;
(6) Transferability of membership interests;
(7) Withdrawal of membership;
(8) Distributions to members prior to dissolution;
(9) Amendment of the articles of organization;
(10) Procedures for amending applicable smart contracts; and
(11) All other aspects of the decentralized organization.