(1) Unless mandated in the decentralized autonomous organization's by-laws, a decentralized autonomous organization is not required to have an administrator, including a board of directors or a trustee. (2) In the absence of a provision requiring administrators, all the powers and tasks of an administrator shall be vested in the decentralized autonomous organization members as a class. (3) The voting mechanism for nominating and appointing an administrator shall be set out in the decentralized autonomous organization's by-laws. Renumbered and Amended by Chapter 92, 2026 General Session Renumbered 10/1/2026
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