South Carolina H 4766: Teacher work hours

Bill Text

2025-2026 Bill 4766 Text of Previous Version (Dec. 17, 2025) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 4766

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND THE SOUTH 
CAROLINA CODE OF LAWS BY ENACTING THE "SOUTH CAROLINA DECENTRALIZED AUTONOMOUS 
ORGANIZATION ACT" BY ADDING CHAPTER 58 TO TITLE 33 SO AS TO PROVIDE 
REQUIREMENTS FOR DECENTRALIZED AUTONOMOUS ORGANIZATIONS, INCLUDING 
ORGANIZATION, GOVERNANCE, LIABILITY FOR MEMBERS, AND DISSOLUTION.

Be it enacted by the 
General Assembly of the State of South Carolina:

SECTION 1. This act may be cited as the "South Carolina Decentralized Autonomous 
Organization Act."

SECTION 2. Title 33 of the S.C. Code is amended by adding:

CHAPTER 58

Decentralized Autonomous Organization

 Section 
33-58-10. As used in this chapter:

 (1) 
"Algorithmically managed decentralized autonomous organization" or 
"algorithmically managed DAO" means a decentralized autonomous organization 
where governance is primarily conducted by smart contracts with minimal or no 
human involvement, provided that a fallback mechanism exists for human 
intervention in cases of system failure or vulnerability.

 (2) 
"Articles of organization" means the initial formation document required to 
establish a decentralized autonomous organization pursuant to South Carolina 
law.

 (3) 
"Blockchain" means a decentralized, distributed ledger technology that securely 
records transactions in a verifiable and immutable manner.

 (4) 
"Decentralized autonomous organization" or "DAO" means a blockchain-based 
organization, recognized as a limited liability company pursuant to South 
Carolina law, whose governance is primarily maintained through smart contracts 
deployed on a blockchain or other distributed-ledger technology. DAOs enable 
decentralized decision-making and operations without centralized 
intermediaries, often using governance tokens to grant voting rights to 
participants in order to facilitate transparent and community-driven 
governance. Governance models include member-managed DAOs and algorithmically 
managed DAOs.

 (5) 
"Member-managed DAO" means a DAO in which governance and decision-making are 
executed through direct member participation and voting.

 (6) 
"Operating agreement" means the agreement that governs the internal affairs of 
a DAO, including member rights, governance, and operational procedures.

 (7) 
"Smart contract" means an automated transaction executed on a blockchain-based 
system that facilitates, verifies, or enforces contract terms without 
intermediary involvement.

 Section 
33-58-20. (A) A DAO in South 
Carolina must be created by filing articles of organization with the Secretary 
of State, specifying that the organization is a DAO and electing either 
member-managed or algorithmically managed governance.

 (B) A 
DAO shall have the same rights, privileges, duties, and obligations as a 
traditional limited liability company, except as inconsistent with this 
chapter.

 (C) 
The name of a DAO must include the designation "DAO," "LAO," or "LLC" to 
distinguish it from other business entities. "LAO" means a limited autonomous 
organization.

 Section 
33-58-30. (A) A DAO must adopt an 
operating agreement that must include, but is not limited to:

 (1) 
the governance structure;

 (2) 
rights and duties of members, including voting mechanisms;

 (3) 
the role and functionality of smart contracts in decision-making, including a 
method for upgrading or amending as necessary to allow for adaptability as 
blockchain technology evolves;

 (4) 
procedures for amending smart contracts and governance; and

 (5) 
a protocol for handling technical failures, including potential manual 
overrides where necessary to protect DAO assets and members.

 (B) A 
DAO shall be governed by its operating agreement and the provisions of this 
chapter. In cases of conflict, the provisions of this chapter shall prevail.

 Section 
33-58-40. (A) Members of a DAO 
shall not be personally liable for the debts, obligations, or liabilities of 
the DAO, except in cases of fraud, knowing violations of law, or wilful 
misconduct. However, members who exert significant control over DAO decisions 
beyond smart contract execution may be subject to traditional fiduciary duties 
under corporate governance principles.

 (B) A 
DAO shall have the capacity to sue and be sued in its own name.

 Section 
33-58-50. (A) A DAO may be 
dissolved voluntarily through the procedures described in its operating 
agreement, which must include provisions for handling smart contract assets and 
obligations.

 (B) 
The Secretary of State may dissolve a DAO for failure to comply with reporting 
requirements, failure to maintain smart contract functionality, or other 
material breaches of this chapter.

 Section 
33-58-60. A DAO must file an a