Legal Structures

About

Bakeoff for WY DAO bill

The difference between a butcher and surgeon is knowing where to cut

How2

  1. Accept LexDAO bounty board invite

  2. Signal interest in our Kali summoner Shiv's walkthru starting at 11am.

  3. Make sure you submit your address (also used to send out [PoAPs])(https://dework.xyz/o/lexdao-1Wbf8S9Hv9FZWnpsw26FqJ/p/legal-struct-7hzQE7C5obkOUkjnC97oi0?taskId=300c11c7-251f-49d0-8bd0-0f53628a4428 )

  4. (optional prayer to Moloch in minting tickes)

  5. ... and wait for our resident Lvl 4 Cryptowizard to kick off hackathon at **12pm 21st Jan ** on our one and only #legal-arena

What

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buffalo burger.png


  • LEETH+ level slicing & dicing

    • Delegated Service - having legal entity means can sue & be sued. But the first step is service of legal documents. task is to ponder how this can be done for SeriesLLC which have shifting multi-sig holders. Look to Canada for their Notice & Notice regime and write legislation to accept as alternative process of trust anchors.

    • Functional Equivalence - allow registration agent to certify that a smart cotract performs the same public policy objects, allowing parole for not strictly following a prescribed regulatory statue (eg persistent voice channel instead of business landline). Identify clauses in §17-29 LLC that would benefit such as replacing incremetal Notices with auditable logs

    • Finacial Parole (hard) although SeriesLLC are considered separate llegal/accounting cells, the LLC treasury is proidig platform co-operative services (corpSec, accounting, OpSec). Make case token transfers are internal affairs and not a fianancial institution, identifying caselaw that supports claim

    • Foreign Registration (very hard) - if permitted by international trade treaties, allow foreign subDAOs to be treated as representative offices

    • Anti-Phoenix Laws (very hard) under UVTA liabilities from rug-pulls to be attached to wallets for manifest bad faith.

Other simpler tasks in discord subTread.

Who4

  • Master Chef Marc

  • Sous Chef Omen

  • Saucier Arvind (responsible for PoAP [TBA])

  • Somelier Nick to pass on tricks to bestape?


  • Chefs de Partie - LEETH candidates to break submission into chunks like RWA ownership by LLCs;

  • Commis Chefs - LexDAO l'externs training and line-edits;

  • Kitchen Hands - guests and members commenting on submission


  • Dishwasher @drllau - prep & cleanup

  • Maitre d' mentors (invited Donna and Taty) representing regulators and state agents

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Scallop.png


When

  1. Fri 21st Jan 12pm kickoff - finishes Sun 6pm EST.

  2. Weds 25th Jan 8:30am WY Senate Committe meeting

  3. close end of season 1 with private Wiki on good practices (eg Series LLC)

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doublediamond.png


Hackathon will follow classic double-diamond model

  • Fri - bounty board, social mixers (CryptoVoxel) read LLC and brainstorm on the issues

  • Sat - consensus on the issues, split up document

  • Sun - write up on shared document, assemble & format

Addenda

Where (find details)

  • Discord Wyoming DAO subthread

  • CryptoVoxel (hackathon link TBA)

Mut8

Key changes TBA

RTFM

Wyoming Statutes Title 17 Chapter 31 - DAO

Wyoming Statutes Title 17 Chapter 29 - LLC

Wyoming Statutes Title 17 Chapter 28 - Agent