summary
Introduced
01/20/2025
01/20/2025
In Committee
Crossed Over
Passed
Dead
03/03/2025
03/03/2025
Introduced Session
2025 General Session
Bill Summary
AN ACT relating to property; requiring notice of the severance of the pore space in conveyances of real property and disclosure statements; specifying applicability; and providing for an effective date.
AI Summary
This bill modifies Wyoming state law regarding property disclosures and pore space ownership, requiring sellers of vacant land to explicitly disclose whether the ownership interest in pore space has been severed from the surface property during real estate transactions. Pore space refers to the void or empty spaces within underground geological formations, which can be important for activities like carbon sequestration or underground storage. The bill mandates that all conveyances of surface property must now include a clear notice indicating whether the pore space ownership is included or excluded from the property transfer. Previously, surface property ownership automatically included pore space ownership unless it had been explicitly severed, but the new law requires sellers to proactively disclose the status of pore space ownership in the property disclosure statement. This change aims to increase transparency in real estate transactions by ensuring buyers are fully informed about the complete property ownership rights. The bill will apply to all real property conveyances on and after July 1, 2025, giving property sellers and real estate professionals time to adjust to the new disclosure requirements.
Committee Categories
Business and Industry
Sponsors (6)
Dalton Banks (R)*,
Eric Barlow (R)*,
Brian Boner (R)*,
Landon Brown (R)*,
Scott Heiner (R)*,
Lloyd Larsen (R)*,
Last Action
H:Died in Committee Returned Bill Pursuant to HR 5-4 (on 03/03/2025)
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/HB0193 |
BillText | https://www.wyoleg.gov/2025/Introduced/HB0193.pdf |
Fiscal Note | https://www.wyoleg.gov/2025/Fiscal/HB0193.pdf |
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