Developers, participants, administrators or legal representatives of a DAO shall not be imputed to have fiduciary duties towards each other or third parties solely on the basis of their role, unless the person acting in such a role explicitly holds itself out as a fiduciary, or the bylaws expressly provide that such person is a fiduciary with respect to each power granted to such person.
Source. 2024, 263:1, eff. July 1, 2025.