Unincorporated nonprofit associations; decentralized associations provided for

Summary

The bill establishes a new type of nonprofit association that operates without incorporation and can be governed by distributed ledger technology. It applies to groups of at least 100 members that choose this structure, allowing them to own property, engage in profit‑making activities, and set member duties and liabilities. The measure aims to give emerging digital‑focused nonprofits a clear legal framework.

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