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§ 301-b-26 — New Hampshire Law | CourtGPT
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  4. Title Xxvii - Corporations, Associations, and Proprietors of Common Lands/
  5. Chapter 301-b - Decentralized Autonomous Organizations/
  6. § 301-b-26
New Hampshire Legal Code

§ 301-b-26

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[RSA 301-B:26 effective July 1, 2025.] RSA 301-B effective July 1, 2025, except for RSA 301-B:31 effective July 26, 2024. 301-B:26 DAO Restructuring. – I. In the event that there is not a contentious fork and a New Hampshire DAO's smart contract is restructured through modification, upgrade or migration, it shall retain its legal personality and limited liability only to the extent that: (a) The new code of the New Hampshire DAO continues to satisfy all the listing requirements of RSA 301-B:13. (b) In the event of migration, where the New Hampshire DAO has to be associated with a new unique public address, proper notice is provided by way of public signaling. II. Failure to meet these requirements shall result in a deregistration of the New Hampshire DAO and loss of legal personality and limited liability effective at the time of restructuring. III. The New Hampshire DAO restructured in accordance with paragraph I shall be the universal successor of the original DAO and inherit its rights and obligations. Source. 2024, 263:1, eff. July 1, 2025.