Failure event.

Utah Code § 16-22-405, under Part 16-22-4: Miscellaneous Provisions.

Utah Code § 16-22-405

16-22-405. Failure event.

(1) In the case of a failure event, legal personality and limited liability are maintained to the extent necessary to protect decentralized autonomous organization members and participants from personal liability.

(2) A failure event may trigger liability on the person deploying or upgrading the decentralized autonomous organization if that person:

(a) acted in bad faith; or

(b) engaged in gross negligence.