Creating Decentralized Unincorporated Nonprofit Association Act

Summary

The bill establishes the Decentralized Unincorporated Nonprofit Association Act, giving groups of at least 100 members that operate via digital and blockchain tools a recognized legal status. It sets rules for governance, profit use, property ownership, liability and dissolution, affecting members, administrators and anyone doing business with such groups. The measure aims to modernize nonprofit law to accommodate blockchain‑based organizations.

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