RSA 301-B:26 · DAO Restructuring

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.