(1) Any person may apply to the division for:

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Terms Used In Utah Code 48-5-108

  • 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
  • Division: means the Division of Corporations and Commercial Code. See Utah Code 48-5-101
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Person: means :
         (24)(a) an individual;
         (24)(b) an association;
         (24)(c) an institution;
         (24)(d) a corporation;
         (24)(e) a company;
         (24)(f) a trust;
         (24)(g) a limited liability company;
         (24)(h) a partnership;
         (24)(i) a political subdivision;
         (24)(j) a government office, department, division, bureau, or other body of government; and
         (24)(k) any other organization or entity. See Utah Code 68-3-12.5
  • 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
     (1)(a) a certificate of existence for a decentralized autonomous organization; or
     (1)(b) a certificate that sets forth any facts of record in the division.
(2) A certificate of existence or certificate of authorization sets forth:

     (2)(a) the decentralized autonomous organization‘s name;
     (2)(b) that the decentralized autonomous organization is recognized under the law of this state;
     (2)(c) the date of the decentralized autonomous organization’s formation;
     (2)(d) that articles of dissolution have not been filed by the division; and
     (2)(e) other facts of record in the division that may be requested by the applicant.
(3) Subject to any qualification stated in the certificate, a certificate issued by the division may be relied upon as conclusive evidence of the facts set forth in the certificate.