Creating Decentralized Unincorporated Nonprofit Association Act

SB 1030 creates a new legal framework for "decentralized unincorporated nonprofit associations" (DUNAs) in West Virginia, allowing nonprofits with at least 100 members to operate without formal incorporation while using digital ledger systems (like blockchain) for governance. The bill defines DUNAs, sets requirements for membership and governance (including the use of smart contracts), and outlines rules for member rights, property management, dissolution, and conversion to other entity types. It directly affects nonprofit groups seeking a decentralized structure that relies on digital technology for decision-making rather than traditional corporate governance. The law establishes a clear regulatory path for these associations under West Virginia law.