duna-bylaws/bylaws.md at main · nounsDAO/duna-bylaws

The Nouns DAO has published v1.0 of its bylaws, which set out how the decentralized unincorporated nonprofit association is governed and how its governing principles are ordered. The bylaws state that the statutory requirements of the Wyoming Decentralized Unincorporated Nonprofit Association Act come first, followed by the DAO's smart contract code, with the bylaws ranked last and the code superseding them in any conflict. Three kinds of Administrators are defined: Compliance, Reserve and Veto, each elected through DAO Proposals. The Compliance Administrators must review proposals for legal compliance, and Veto Administrators may veto proposals in extraordinary circumstances involving material legal or existential risk.