Utah Code 48-5-103. Powers of the division
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(1)
Terms Used In Utah Code 48-5-103
- Decentralized: means that decision-making is distributed among multiple persons. See Utah Code 48-5-101
- Division: means the Division of Corporations and Commercial Code. See Utah Code 48-5-101
- Quality assurance: means a security review of the software code of the decentralized autonomous organization in accordance with industry standards. See Utah Code 48-5-101
(1)(a) The division may make, amend, or rescind a rule, form, or order when necessary to carry out this chapter.
(1)(b) The division shall make rules in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.
(2) The division may by rule:
(2)(a) provide the form and content of a registration requirement required under this chapter;
(2)(b) provide the method of determining whether formation requirements described in Section 48-5-201 have been met and when to file a certificate of organization; and
(2)(c) identify industry standards for determining whether the decentralized autonomous organization has undergone security review for quality assurance.