Wyoming's DUNA Act creates a statutory legal entity form designed for decentralised unincorporated nonprofit associations, including DAOs. It provides governance, property, contracting and legal-capacity rules for DUNAs, and addresses member and administrator liability. A DUNA is distinct from Wyoming's DAO LLC framework and applies specifically to nonprofit-structured decentralised organisations.
Acteffective
Wyoming Decentralized Unincorporated Nonprofit Association Act (SF 0050)
Also known as: Wyoming Decentralized Unincorporated Nonprofit Association Act (DUNA Act)
United States Wyoming Secretary of State / Wyoming courts
Overview
Key Details
Jurisdiction
United StatesRegulator
Wyoming Secretary of State / Wyoming courts
Law Type
Act
Status
In ForceOfficial Law Number
Wyoming Statutes §§ 17-32-101 et seq.; SF 0050 (2024)
Official Title
Wyoming Decentralized Unincorporated Nonprofit Association Act (SF 0050)
Enacted Date
March 7, 2024
Effective Date
July 1, 2024
Topics Covered
Who This Law Applies To
Decentralised unincorporated nonprofit associations formed or recognised under Wyoming law, including DAO-structured nonprofits.
Key Requirements
- Creates a statutory legal entity form for decentralised unincorporated nonprofit associations (DUNAs).
- Provides governance, property, contracting and legal-capacity rules under Wyoming law.
- Addresses member and administrator liability within the statutory DUNA structure.
Official Sources
Exact official documentNote: DUNA is distinct from Wyoming DAO LLC framework.
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