Current through the 2024 Legislative Session
Section 301-B:25 - [Effective 7/1/2025] Contentious Forks in the Underlying BlockchainIn the event of a hard fork in the underlying permissionless blockchain:
I. By default, the New Hampshire DAO retains its legal personality and limited liability, and the legal representative remains the legal representative of the majority chain, and any off-chain assets shall belong to the New Hampshire DAO on the majority chain.II. The New Hampshire DAO may choose to maintain legal presence on a minority chain if it expresses its intent to do so by public signaling, and in that case any off-chain assets shall belong to the New Hampshire DAO on the selected minority chain.III. The New Hampshire DAO may liquidate its on-chain assets following a hard fork in order to move those assets to the chosen chain.IV. Alternatively, the New Hampshire DAO may choose to split into multiple legal entities, each on a separate chain, if it communicates by public signaling: (a) Its intent to do so, and(b) There is a definitive distribution of off-chain assets between the majority and minority chains.Added by 2024, 263:1, eff. 7/1/2025.