Utah § 48-5-405 - Failure event. (Renumbered 10/1/2026)
Full text of Utah Utah Code § 48-5-405 — Failure event. (Renumbered 10/1/2026), with citation guidance and answers to common questions.
§ 48-5-405. Failure event. (Renumbered 10/1/2026)
Renumbered 10/1/2026
48-5-405. Failure event.
| (1) | In the case of a failure event, legal personality and limited liability are maintained to the extent necessary to protect decentralized autonomous organization members and participants from personal liability. |
| (2) |
A failure event may trigger liability on the person deploying or upgrading the decentralized autonomous organization if that person:
|
Renumbered and Amended by Chapter 92, 2026 General Session
Enacted by Chapter 85, 2023 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 48-5-405
What does Utah Code § 48-5-405 cover?
Section 48-5-405 ("Failure event. (Renumbered 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 § 48-5-405?
A common citation format is "Utah Code § 48-5-405" (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 § 48-5-405 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.