Section 48-5-405 - Failure event(1) In the case of a failure event, legal personality and limited liability are maintained to the extent necessary to protect decentralized autonomous organization members and participants from personal liability.(2) A failure event may trigger liability on the person deploying or upgrading the decentralized autonomous organization if that person: (a) acted in bad faith; or(b) engaged in gross negligence.Added by Chapter 85, 2023 General Session ,§ 25, eff. 1/1/2024.