Book contents
- Autonomous Organizations
- Autonomous Organizations
- Copyright page
- Dedication
- Contents
- Preface
- Acknowledgments
- Significant Codes, Restatements, and Statutes
- 1 Why Autonomous Organizations?
- 2 The Legal Role of Algorithms
- 3 In the Company of Robots
- 4 The Legal Viability of Autonomous Organizations
- 5 The Advantages of Autonomous Organizations
- 6 The Limitations and Legal Implications of Autonomous Organizations
- Conclusion
- Index
3 - In the Company of Robots
The Creation of Autonomous Organizations
Published online by Cambridge University Press: 01 October 2021
Book contents
- Autonomous Organizations
- Autonomous Organizations
- Copyright page
- Dedication
- Contents
- Preface
- Acknowledgments
- Significant Codes, Restatements, and Statutes
- 1 Why Autonomous Organizations?
- 2 The Legal Role of Algorithms
- 3 In the Company of Robots
- 4 The Legal Viability of Autonomous Organizations
- 5 The Advantages of Autonomous Organizations
- 6 The Limitations and Legal Implications of Autonomous Organizations
- Conclusion
- Index
Summary
This chapter lays out a transactional technique by which any existing natural or legal person can create an autonomous organization – specifically, an LLC with zero members controlled, as a matter of internal governance, only by software. The technique works under existing law and can be used with software without regard for the software’s “intelligence.”
- Type
- Chapter
- Information
- Autonomous Organizations , pp. 46 - 75Publisher: Cambridge University PressPrint publication year: 2021