Bill > HB645

This bill establishes regulations and a legal framework for decentralized autonomous organizations (DAOs) in the state of New Hampshire. Key provisions include: - Defining DAOs as separate legal entities distinct from their developers, participants, and administrators, with provisions for their establishment, governance, and dissolution. - Outlining the powers, rights, and liabilities of DAO participants, administrators, and legal representatives. - Establishing a DAO registry administered by the Secretary of State, with specific listing requirements for DAOs to be recognized under the law. - Providing for the application of general business organization law and other relevant laws to DAOs, while also allowing for the contractual modification or elimination of certain fiduciary duties. - Addressing issues related to blockchain forks, DAO restructuring, and failure events. - Authorizing the Attorney General to seek judicial deregistration of a DAO in certain circumstances. The fiscal impact of the bill is indeterminable, as it may result in increased revenue and expenditures for the state related to DAO registration, regulation, and potential legal actions, but the extent is unknown at this time.

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https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=561&sy=2024&sortoption=&txtsessionyear=2024&txtbillnumber=HB645