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WY HB0170

WY HB0170
Nonprofit and trust entities-effective time for documents.


summary

Introduced
01/27/2025
In Committee
02/03/2025
Crossed Over
Passed
Dead
02/10/2025

Introduced Session

2025 General Session

Bill Summary

AN ACT relating to corporations, partnerships and associations; amending the time in which documents filed for nonprofit corporations and statutory trusts may be effective; and providing for an effective date.

AI Summary

This bill modifies the effective date and filing requirements for documents related to nonprofit corporations and statutory trusts in Wyoming. Specifically, the bill changes language in two existing statutes (W.S. 17-19-123 and 17-23-118) to clarify when a document becomes effective upon filing with the secretary of state. The key change is in how the effective time is determined: instead of being effective "at the time of filing on the date it is filed," documents will now be effective "at the time received for filing" as evidenced by the secretary of state's endorsement. The bill also adds a cross-reference to another statute (W.S. 17-19-124(c)) that may provide additional guidance on document effectiveness. The changes aim to provide more precise language around document filing and effectiveness for nonprofit corporations and statutory trusts. The bill will become effective on July 1, 2025, giving organizations and state offices time to prepare for and understand the new filing procedures.

Committee Categories

Government Affairs

Sponsors (10)

Last Action

COW:H Did not consider for COW (on 02/10/2025)

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