HB293Introduced in the House of Delegates
Corporations; limited liability decentralized autonomous orgs. (LLDs), delayed effective date.
Introduced by Dan Helmer, District 10
What does this bill do?
Plain-English breakdown
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Official description
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 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.
Where it stands
Passed by indefinitely in Commerce and Labor (15-Y 0-N)
March 9, 2026
How did lawmakers vote?
House of Delegates votes
3 recorded votes · each counted separately
Senate votes
1 recorded vote · each counted separately
SenateStage: Passed by indefinitely in Commerce and Labor (15-Y 0-N) · March 9, 2026
15
Yes
0
No
0
Absent or Not Voting
15 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Mark Obenshain | 2 | Yes |
| William Stanley | 7 | Yes |
| Mark Peake | 8 | Yes |
| Creigh Deeds | 11 | Yes |
| Lamont Bagby | 14 | Yes |
| Louise Lucas | 18 | Yes |
| Bill DeSteph | 20 | Yes |
| Aaron Rouse | 22 | Yes |
| Mamie Locke | 23 | Yes |
| Richard Stuart | 25 | Yes |
Bill history
Prefiled and ordered printed; Offered 01-14-2026 26104634D
Referred to Committee on Communications, Technology and Innovation
Assigned HST sub: Technology and Innovation
Fiscal Impact Statement from State Corporation Commission (HB293)
House subcommittee offered
Subcommittee recommends reporting with substitute (7-Y 3-N)
House committee offered
Reported from Communications, Technology and Innovation with substitute (15-Y 7-N)
Committee substitute printed 26107218D-H1
Read first time
Read second time
committee substitute agreed to
Engrossed by House - committee substitute
Read third time and passed House (59-Y 37-N 0-A)
Constitutional reading dispensed (on 1st reading)
Referred to Committee on Commerce and Labor
Fiscal Impact Statement from State Corporation Commission (HB293)
Passed by indefinitely in Commerce and Labor (15-Y 0-N)
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