Senate Bill 277 Alabama 2026 Session

Updated Feb 10, 2026

Summary

Primary Sponsor: Lance BellSenator
Republican
Session: 2026 Regular Session
Title: Unincorporated nonprofit associations; decentralized associations provided for
Description: This bill would authorize the formation and operation of decentralized unincorporated nonprofit associations as a subtype of unincorporated nonprofit associations, which are authorized under existing law.
This bill would allow a decentralized unincorporated nonprofit association to use distributed ledger technology and smart contracts for its governance and operation.
This bill would permit decentralized unincorporated nonprofit associations to acquire and maintain property and engage in profit-making activities, subject to certain standards relating to the distribution of proceeds.
This bill would provide for the duties, obligations, and liabilities of the members and administrators of a decentralized unincorporated nonprofit association.
This bill would also provide for the dissolution and winding up of a decentralized unincorporated nonprofit association.
Subjects: Businesses & Financial Institutions