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DAO Components
Jason K. Willard edited this page Jan 2, 2022
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The mutual DAO is composed of smart contracts enacted by US legal entities for the benefit of Loci associates everywhere.
The DAO components include:
- Association of individuals (unincorporated)
- Mutual entities devoted to associates
- Texas corporation, sole DAO borrower, mutual owner of DAO property
- Delaware charitable corporation, guarantor of DAO indebtedness, mutual owner of DAO property
- Guardian SPE, holds DAO ownership in trust for mutual associates
- A private Co-trustee formed to hold Loci Mutual regulatory opinions, and to indemnify mutual directors, managers, and associates
- Private and open source software owned beneficially by Loci Mutual
- Smart contracts: governance token (LG) and Loci CMBTs secured by mutual property
The DAO property owner is a charitable corporation operated by its semi-autonomous management system subject to LG governance systems:
- Piglet’s Nectar, a Texas engineering and community agency building DAO tools and systems since 2011
- Brazos River Ventures, a Texas developer since 2009, directs acquisitions
- Start Construction, a Texas builder since 2006, directs construction of residential property
- My Home Residential, a Texas property manager since 2009, manages real estate for mutual associates
- Brazos River Properties, a Texas property manager since 2007, acts as a single mutual cashier for the benefit of all Loci associates