Section 48-5-404 - Restructuring(1) When a decentralized autonomous organization is restructured, whether through modification, upgrade, or migration, the decentralized autonomous organization's legal personality and limited liability is retained only to the extent that: (a) the new software code of the decentralized autonomous organization fulfills all the formation requirements of Section 48-5-201; and(b) where the decentralized autonomous organization has to be associated with a new unique public address, proper notice is provided by way of public signal.(2) A decentralized autonomous organization that is restructured in compliance with Subsection (1) inherits the rights and obligations of the original decentralized autonomous organization as a successor.Added by Chapter 85, 2023 General Session ,§ 24, eff. 1/1/2024.