summary
Introduced
01/14/2025
01/14/2025
In Committee
02/19/2025
02/19/2025
Crossed Over
01/23/2025
01/23/2025
Passed
02/26/2025
02/26/2025
Dead
Signed/Enacted/Adopted
02/28/2025
02/28/2025
Introduced Session
2025 General Session
Bill Summary
AN ACT relating to corporations, partnerships and associations; amending the grounds for administrative dissolution, revocation and forfeiture to include providing false or fraudulent information to the registered agent; and providing for an effective date.
AI Summary
This bill amends several Wyoming state laws related to corporations, partnerships, limited liability companies, and statutory foundations by adding a new ground for administrative dissolution, revocation, or forfeiture of business entities. Specifically, the bill allows the secretary of state to take administrative action against an organization if it has provided false or fraudulent information to its registered agent. This determination can be made during or after an examination of the organization's records or following notification by the registered agent. The bill applies to various types of business entities, including domestic and foreign corporations, limited liability companies, and statutory foundations. The new provision is part of a broader set of circumstances under which the state can take action against a business entity, such as failing to correct false information or being unable to be served by a registered agent. The bill aims to enhance the state's ability to maintain accurate business records and prevent potential fraud by giving the secretary of state more tools to address misrepresentation of information. The act becomes effective immediately upon completion of the necessary legislative procedures.
Committee Categories
Government Affairs
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Corporations, Elections and Political Subdivisions (J)
Last Action
Assigned Chapter Number 79 (on 02/28/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.wyoleg.gov/Legislation/2025/SF0056 |
Analysis - Summary as Passed | https://www.wyoleg.gov/2025/Summaries/SF0056.pdf |
BillText | https://www.wyoleg.gov/2025/Enroll/SF0056.pdf |
House Corporations, Elections & Political Subdivis | https://wyoleg.gov/2025/Amends/SF0056HS001.pdf |
BillText | https://www.wyoleg.gov/2025/Introduced/SF0056.pdf |
Fiscal Note | https://www.wyoleg.gov/2025/Fiscal/SF0056.pdf |
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