# kaal:claim:3409548-016

**Claim.** The legal limitations on smart contracts are slowly disappearing through state legislation, as shown by Arizona's 2017 law making smart contracts fully enforceable and Delaware's parallel Blockchain Initiative proposals.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- United States state law, as of 2017 to 2019

**Source quote.**

> Such limitations are slowly disappearing. For instance, Arizona passed a law in early 2017 that makes smart contracts fully enforceable under Arizona law.67 Delaware is looking into similar rules proposed in the Blockchain Initiative.

**From.** Kaal, *Financial Technology and Hedge Funds* (2019), II.3 Blockchain Technology, page 16

**Cite as.** Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548

**Verify.** sha256 of source PDF `74227ab2656b06bfe4a29c942fc2ba26df9f476917e0a9f85ec038b8c3402c40` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Financial%20Technology%20and%20Hedge%20Funds.pdf

**Topics.** smart-contracts

**Keywords.** smart-contracts, arizona, delaware, legislation, enforceability

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