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Classes of participation rights -- Membership.

Utah Code § 16-22-301
in effect
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16-22-301. Classes of participation rights -- Membership. (1) A decentralized autonomous organization's by-laws may create multiple classes of member participation rights. (2) Where the decentralized autonomous organization has tokens providing governance powers to the token holder, the token holder shall be considered a member of the decentralized autonomous organization: (a) from the time the ownership of the tokens is established to be in the possession of an address; or (b) from the time when ownership is first acknowledged by the token holder through an on-chain interaction with the decentralized autonomous organization. (3) This section does not apply in the event of a hard fork. Renumbered and Amended by Chapter 92, 2026 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title16/Chapter22/16-22-S301.html?v=C16-22-S301_2026050620261001Fetched: 10/26/2026

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