Utah Code 48-5-204. Annual report to the division
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(1) A decentralized autonomous organization shall deliver to the division for filing an annual report that states:
Terms Used In Utah Code 48-5-204
- 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
(1)(a) the name of the decentralized autonomous organization; and(1)(b) the information required by Subsection 16-17-203(1).
(2) Information in the annual report must be current as of the date the report is signed by the decentralized autonomous organization.
(3) Every 12 months after the decentralized autonomous organization has been issued a certificate of organization, the decentralized autonomous organization shall submit the annual report described in Subsection (1) to the division.