HB293
Corporations; limited liability decentralized autonomous orgs. (LLDs), delayed effective date.
Status:
Killed
Latest Action:
March 9, 2026
Senate: Passed by indefinitely in Commerce and Labor (15-Y 0-N)
Chief Patron:
Dan Helmer (D)
Session:
2026 Regular Session
Summary
As Passed House of Origin. Corporations; limited liability decentralized autonomous organizations (LLDs).
Creates the Limited Liability Decentralized Autonomous Organization (LLD) Act, which establishes requirements for an LLD, defined as a distinct legal entity that operates through decentralized governance using blockchain technology and smart contracts that execute decentralized decision-making mechanisms. The bill permits the formation of an LLD by filing articles of organization ... (More) with the State Corporation Commission (the Commission), and, if certain requirements are met, the Commission may issue a certificate of organization. The bill includes requirements for amending an LLD's articles of organization and also includes requirements for LLD bylaws, operating agreements, underlying smart contracts, and participant interests and management of the LLD. Under the bill, an LLD and its participants have limited liability for debts, obligations, and liabilities of the LLD. The bill also includes provisions related to recordkeeping, transferring interests, withdrawal of participants, and dissolution of the LLD. The provisions of the bill have a delayed effective date of January 1, 2028. (Less)-
Bill History
- 01/09/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26104634D
- 01/09/2026 - House: Referred to Committee on Communications, Technology and Innovation
- 01/26/2026 - House: Assigned HST sub: Technology and Innovation
- 01/27/2026 - House: Placed on Communications, Technology and Innovation Agenda
- 01/28/2026 - House: Fiscal Impact Statement from State Corporation Commission (HB293)
- 02/03/2026 - House: Placed on Communications, Technology and Innovation Agenda
- 02/04/2026 - House: House subcommittee offered
- 02/04/2026 - House: Subcommittee recommends reporting with substitute (7-Y 3-N)
- 02/06/2026 - House: Placed on Communications, Technology and Innovation Agenda
- 02/09/2026 - House: House committee offered
- 02/09/2026 - House: Reported from Communications, Technology and Innovation with substitute (15-Y 7-N)
- 02/09/2026 - House: Committee substitute printed 26107218D-H1
- 02/11/2026 - House: Read first time
- 02/12/2026 - House: Read second time
- 02/12/2026 - House: committee substitute agreed to
- 02/12/2026 - House: Engrossed by House - committee substitute
- 02/13/2026 - House: Read third time and passed House (59-Y 37-N 0-A) Close Floor Vote
- 02/16/2026 - Senate: Constitutional reading dispensed (on 1st reading)
- 02/16/2026 - Senate: Referred to Committee on Commerce and Labor
- 02/17/2026 - House: Fiscal Impact Statement from State Corporation Commission (HB293)
- 03/09/2026 - Senate: Passed by indefinitely in Commerce and Labor (15-Y 0-N)
