Section 17-32-121 - Utilization of distributed ledger technology(a) A decentralized unincorporated nonprofit association may provide for its governance, in whole or in part, through distributed ledger technology, including smart contracts.(b) The governing principles for a decentralized unincorporated nonprofit association may:(i) Specify whether any distributed ledger technology utilized or enabled by the decentralized unincorporated nonprofit association will be fully immutable or subject to change by the nonprofit association and whether any distributed ledger will be fully or partially public or private, including the extent of a member's access to information;(ii) Adopt voting procedures, which may include smart contracts deployed to distributed ledger technology that provide for the following: (A) Proposals from members or administrators in the decentralized unincorporated nonprofit association for upgrades, modifications or additions to software systems or protocols;(B) Other proposed changes to the decentralized unincorporated nonprofit association's governing principles; and(C) Any other matters of governance or activities within the purpose of the decentralized unincorporated nonprofit association.Added by Laws 2024, ch. 50,§ 1, eff. 7/1/2024.