kaal:claim:3652481-013

If DAO members do not formalize a structure for their human created entity, courts are very likely to impose one on them, which is a serious risk of DAO membership.

However, a very serious risk is associated with DAO membership in the sense that if the DAO members do not formalize a structure for their human-created entity, courts are very likely to impose one for the members of the DAO.

Wulf A. Kaal, Decentralized Autonomous Organizations – Internal Governance and External Legal Design (2020), III.2 Regulatory Uncertainty, p. 24
https://ssrn.com/abstract=3652481 · source PDF

Wulf A. Kaal, Decentralized Autonomous Organizations – Internal Governance and External Legal Design (2020). SSRN: https://ssrn.com/abstract=3652481

• the DAO has no off chain legal entity
• a dispute reaches a court

failuresupport: evidencedfailure: court imposed structurefamily: legal-personality-and-liability-gaplaw-and-legal-systemsdao

• restated_by kaal:claim:3799320-008 If DAO members do not formalize a legal structure for their entity, courts are very likely to impose one on th...

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