# Organization

### How is UIG structured?

UIG uses multisig contracts to manage its fund and smart contracts to deploy capital to early-stage projects built on Story and proceeds and dividends back to the Members. If needed, legal contracts will be used to enforce the terms of the agreement for investing in projects. Members can mint warrant tokens by depositing stable assets into the multisig contract, which will be used to invest in projects built on Story.

At its core, UIG will be member-managed and rely on a DApp and related smart contracts to facilitate investments

### Will Members enjoy limited liability? <a href="#will-members-enjoy-limited-liability-1" id="will-members-enjoy-limited-liability-1"></a>

No Member (or former Member) of UIG will be liable for the obligations of UIG for any amounts in excess of the amount of the Member's contributions to UIG, plus:

* the Member's share of the undistributed profits of UIG, if any; and
* any amounts distributed by UIG to such Member.

### What are the fiduciary obligations between Members? <a href="#what-are-the-fiduciary-obligations-between-members" id="what-are-the-fiduciary-obligations-between-members"></a>

To the fullest extent permitted by applicable law, Members shall not have any fiduciary duty to UIG or any other Member. Under the operating agreement, Members agree to interact in good faith and to engage in fair dealing.

### Can Members vary the ways in which UIG operates? <a href="#can-members-vary-the-operating-agreement-or-the-ways-in-which-flamingo-operates" id="can-members-vary-the-operating-agreement-or-the-ways-in-which-flamingo-operates"></a>

The terms and provisions of UIG may be amended if 50% or more of UIG Members or their delegates (as measured by the warrant tokens) vote to approve an amendment. Voting will be based on the number of warrant tokens held by the Members at the time of the vote.

### What are the tax issues with UIG? <a href="#what-are-the-tax-issues-with-flamingo" id="what-are-the-tax-issues-with-flamingo"></a>

Each Member of UIG must rely on the Member's own tax and legal representatives as to the tax consequences of joining UIG or making purchases through UIG.


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