Under the legal wrapper concept individual DAO members are not liable and the third party knows exactly with whom she is interacting and where liabilities arise.
Source quote, verbatim
Using the legal wrapper concept, the individual DAO members would not be liable and the third party knows exactly with whom she is interacting and where liabilities arise.
Wulf A. Kaal, A Decentralized Autonomous Organization (DAO) of DAOs (2021). SSRN: https://ssrn.com/abstract=3799320
Holds when
DAO represented by a legal wrapper entity
Classification
designsupport: arguedlaw-and-legal-systems
Related claims
supported_bykaal:claim:5254152-028 A DAO operating without a legal wrapper risks being deemed a partnership by estoppel in legal disputes, exposi...
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