Utah Administrative Code
Topic - Commerce
Title R154 - Corporations and Commercial Code
Rule R154-3 - Decentralized Autonomous Organization Act Rule
Section R154-3-2 - Definitions

(1) Terms used in this rule are defined in Title 48, Chapter 5, Decentralized Autonomous Organization Act. In addition:

(2) "Address" means either:

(3) "Auditing organization" means a person that conducts a data audit for a DAO.

(4) "DAO" means decentralized autonomous organization.

(5) "DAO record" means a DAO certificate of organization, DAO evidence of compliance with formation requirements, or supplemental materials submitted on behalf of a DAO, and includes a record maintained by the division. The term may not be considered to refer exclusively to paper or paper-based writings.

(6) "Data audit" means "quality assurance" as defined in Subsection 48-5-101(27).

(7) "Electronic signature" means an electronic sound, symbol, or process attached to or logically associated with a record and executed or adopted by a person with the intent to sign the record.

(8) "Record" used as a noun, means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.

(9) "Remitter" means a person who tenders a DAO record to the division for filing, whether the person is a filer or an agent of a filer responsible for tendering the record for filing. "Remitter" does not include a person responsible for the delivery of the record to the division, such as the postal service or a courier service but does include a service provider who acts as a filer's representative in the filing process.