Alabama Passes DUNA Act Granting DAOs Legal Status
Cointelegraph
Alabama has become the second U.S. state to grant decentralized autonomous organizations (DAOs) legal status through the DUNA Act.Summary
Alabama has officially enacted the Decentralized Unincorporated Nonprofit Association (DUNA) Act, becoming the second U.S. state after Wyoming to provide a legal framework for DAOs. Signed by Governor Kay Ivey, the legislation grants DAOs legal entity status, allowing them to own property, enter contracts, and engage in litigation while providing members with limited liability protections. To qualify, organizations must have at least 100 members and operate for a nonprofit purpose, such as blockchain governance. This move aims to provide decentralized communities with the legal certainty required to scale and operate within the real world.
(Source：Cointelegraph)