Terms Used In Utah Code 48-5-402

• Administrator: means a person that is appointed in a manner specified in the by-laws to make decisions for specific, predefined operations of the decentralized autonomous organization. See Utah Code 48-5-101
• By-laws: means the procedural rules and regulations that govern a decentralized autonomous organization and the interaction of the decentralized autonomous organization's members and participants. See Utah Code 48-5-101
• Decentralized: means that decision-making is distributed among multiple persons. See Utah Code 48-5-101
• Decentralized autonomous organization: means an organization:
       (6)(a) created by one or more smart contracts;
       (6)(b) that implements rules enabling individuals to coordinate for decentralized governance of an organization; and
       (6)(c) that is an entity formed under this chapter. See Utah Code 48-5-101
• Graphical user interface: means a publicly accessible interface through which a person interacts with computer software through visual indicator representations. See Utah Code 48-5-101
• Meeting: means a synchronous or asynchronous event for the purpose of discussing and acting upon decentralized autonomous organization related matters by members or participants. See Utah Code 48-5-101
• Member: means a person who has governance rights in a decentralized autonomous organization. See Utah Code 48-5-101
• Participant: means a person that:
       (22)(a) is not a member of a decentralized autonomous organization; and
       (22)(b) holds or interacts with a token of a decentralized autonomous organization. See Utah Code 48-5-101
• Person: means :
       (24)(a) an individual;
       (24)(b) an association;
       (24)(c) an institution;
       (24)(d) a corporation;
       (24)(e) a company;
       (24)(f) a trust;
       (24)(g) a limited liability company;
       (24)(h) a partnership;
       (24)(i) a political subdivision;
       (24)(j) a government office, department, division, bureau, or other body of government; and
       (24)(k) any other organization or entity. See Utah Code 68-3-12.5
• Quorum: The number of legislators that must be present to do business.