📄️ 1. NATURE
* The DAO is a legal entity that can be used for commercial, mutualistic, social, environmental or political purposes, the nature of which will be specified in its By-Laws.
📄️ 2. LEGAL PERSONALITY
* A DAO within the scope of this Model Law will be deemed a legal entity separate and distinct from its Members. A DAO will, by its own name, be capable of:
📄️ 3. DEFINITIONS
"Accreditation Authority*" means any public or private authority that a jurisdiction which adopts or transposes the Model Law recognizes as legitimate to ensure compliance with one or more Articles of the Model Law.
📄️ Commentary-1
The aim of the Model Law is to allow a DAO that has not registered as a
📄️ Commentary-2
The core public policy goal of legal personality is entity shielding.
📄️ Commentary-3
With respect to Administrator (Article 3(2)), common terms used for