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By 2021 will there be a court case testing the ability of a program, algorithm, or AI to be the sole partner in a US Limited Liability Corporation?
A 2014 paper by Shawn Bayern suggested the possibility that an algorithm, rather than a person, could apparently legally manage a US LLC. From that paper:
As a result, autonomous systems may end up being able, at least, to emulate many of the private-law rights of legal persons. This essay demonstrates a technique by which this is possible by means of limited liability companies (LLCs), a very flexible modern type of business organizations.
A more recent paper appearing on SSRN agrees with this argument, and suggest that the law may also allow non-human (i.e. algorithmic) ownership of some other corporate structures. It also argues that this could be majorly problematic in various ways.
To assess this possibility, we'll ask:
By 2021 will there be a case filed in a US court addressing a US LLC and alleging that the LLC is not managed by a human?
For positive resolution it must be possible to access the case docket on some major legal database, and it should be arguable that the judgement in the case could impact the legality of having a non-human run an LLC or other type of corporation.
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