2️⃣Organizational structure of MC DAO

2.1 Organizational status

MC DAO is a DAO whose governance is administered through code deployed on the Ethereum blockchain.

MC DAO may form a legal structure with one or more legal entities (“legal wrappers”) that provide legal identity to MC DAO and enable handling of off-chain operational concerns, obligations and liabilities.

MC DAO is not intended to be, and shall not be deemed to be, a partnership of any kind.

2.2 Sub-DAOs

MC DAO may establish Sub-DAOs that contribute to the fulfillment of the activities, vision, values and principles of MC DAO as set out in Article 1 and that are ultimately accountable to MC DAO.

Articles 2.1 and 4.3 apply correspondingly to a Sub-DAO.