Terms Used In Utah Code > Title 48 > Chapter 5 > Part 3 - Members

• Administrator: means a person that is appointed in a manner specified in the by-laws to make decisions for specific, predefined operations of the decentralized autonomous organization. See Utah Code 48-5-101
• By-laws: means the procedural rules and regulations that govern a decentralized autonomous organization and the interaction of the decentralized autonomous organization's members and participants. See Utah Code 48-5-101
• Cryptographic proof: means a mathematical proof that verifies that a message has not been tampered with or altered in any way and can be verified by a person that has access to the original message and the proof. See Utah Code 48-5-101
• Decentralized: means that decision-making is distributed among multiple persons. See Utah Code 48-5-101
• Decentralized autonomous organization: means an organization:
       (6)(a) created by one or more smart contracts;
       (6)(b) that implements rules enabling individuals to coordinate for decentralized governance of an organization; and
       (6)(c) that is an entity formed under this chapter. See Utah Code 48-5-101
• Developer: includes a person that provides:
            (7)(b)(i) software code; or
            (7)(b)(ii) design, business, legal, or ancillary support. See Utah Code 48-5-101
• Fiduciary: A trustee, executor, or administrator.
• Hard fork: means a blockchain software upgrade that is not compatible with previous versions of the blockchain software and requires all users to upgrade to the latest version of the blockchain software. See Utah Code 48-5-101
• Legal representative: means an individual appointed in the manner specified in the by-laws of a decentralized autonomous organization to perform procedural functions off-chain on behalf of a decentralized autonomous organization. See Utah Code 48-5-101
• Member: means a person who has governance rights in a decentralized autonomous organization. See Utah Code 48-5-101
• On-chain: means any action that is recorded and verified on a blockchain. See Utah Code 48-5-101
• Participant: means a person that:
       (22)(a) is not a member of a decentralized autonomous organization; and
       (22)(b) holds or interacts with a token of a decentralized autonomous organization. See Utah Code 48-5-101
• Public forum: means a freely accessible online environment that is commonly used for the exercise of speech and public debate. See Utah Code 48-5-101
• State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
• Token: means a record on a permissionless blockchain that represents an asset, participation right, or other entitlement. See Utah Code 48-5-101
• Trustee: A person or institution holding and administering property in trust.