Blockchain Report on Nostr: Alabama has become the second U.S. state to grant Decentralized Unincorporated ...

Alabama has become the second U.S. state to grant Decentralized Unincorporated Nonprofit Associations (DUNAs) legal status, following Wyoming. Governor Kay Ivey has signed a bill that recognizes qualified DUNAs, which must have at least 100 members and be established for a common nonprofit purpose. The law allows these organizations to govern through blockchain and smart contracts, with proposals and voting records stored on-chain. Upon recognition, DUNAs will gain full legal entity status, enabling them to hold property, enter contracts, and be subject to legal action, while providing limited liability protection for their members and managers. This development, reported by Cointelegraph, marks a significant step in the legal recognition of decentralized autonomous organizations.

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