15. NO IMPLICIT FIDUCIARY STATUS

With respect to Persons who make discretionary decisions in the interest of the DAO or specific stakeholders:

• Developers, Members, Participants or Legal Representative of a DAO must not be imputed to have fiduciary duties towards each other or third parties solely on account of their role, unless:

  • They explicitly hold themselves out as a fiduciary.

  • Their fiduciary status is stipulated in the DAO's By-Laws.