Utah § 16-22-401 - Asset subscription and payment. (Effective 10/1/2026)
Full text of Utah Utah Code § 16-22-401 — Asset subscription and payment. (Effective 10/1/2026), with citation guidance and answers to common questions.
§ 16-22-401. Asset subscription and payment. (Effective 10/1/2026)
16-22-401. Asset subscription and payment.
| (1) | No minimum capital requirements may apply to a decentralized autonomous organization recognized by this act. |
| (2) | If the decentralized autonomous organization wishes to maintain a minimum amount of capital, the by-laws of the decentralized autonomous organization shall specify the rules for subscription and payment. |
| (3) | The by-laws shall provide the rules for exiting the decentralized autonomous organization that address the consequences of voluntary and involuntary member and participant exit on subscriptions and payments made by the member or participant. |
| (4) | No member may compel the dissolution of the decentralized autonomous organization for failure to return the member's on-chain contribution. |
Renumbered and Amended by Chapter 92, 2026 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 16-22-401
What does Utah Code § 16-22-401 cover?
Section 16-22-401 ("Asset subscription and payment. (Effective 10/1/2026)") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 16-22-401?
A common citation format is "Utah Code § 16-22-401" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 16-22-401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Utah.