Bill > HB0125

This bill amends existing Wyoming law to allow the Secretary of State to initiate administrative dissolution or revocation of authority for corporations, limited liability companies (LLCs), and statutory foundations under specific circumstances, primarily related to fraud or foreign adversarial control. The key changes introduce new grounds for such actions, including if a business entity has a board member who has been convicted of or found civilly liable for fraud, or if the entity has provided false or fraudulent information to its registered agent. These provisions are intended to protect the public interest by addressing entities engaged in fraudulent activities or those controlled by foreign adversaries, with exceptions for approved foreign investments. The bill also clarifies that these dissolutions or revocations can occur if the entity is owned or controlled by a foreign government or person deemed a foreign adversary by the U.S. Secretary of Commerce, unless such ownership or control has been approved by the Committee on Foreign Investment in the United States (CFIUS). The bill is set to take effect on July 1, 2026.

https://www.wyoleg.gov/Legislation/2026/HB0125