For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

No implicit fiduciary status.

Utah Code § 16-22-307
in effect
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16-22-307. No implicit fiduciary status. A developer, member, participant, or legal representative of a decentralized autonomous organization may not be imputed to have fiduciary duties towards each other or third parties solely on account of their role, unless the developer, member, participant, or legal representative: (1) explicitly holds themselves out as a fiduciary; or (2) stipulates to assume a fiduciary status as provided in the decentralized autonomous organization's by-laws. 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-S307.html?v=C16-22-S307_2026050620261001Fetched: 10/26/2026

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