Bill > HB0152

This bill amends Wyoming law concerning limited liability companies (LLCs) by adding a provision that allows courts to award damages, including reasonable attorneys' fees and costs, to an LLC or any party defending against a dissolution proceeding if the court denies the application for dissolution and finds that it was made in bad faith. This applies specifically to proceedings initiated under a section of law that allows for dissolution under certain circumstances, and the bad faith finding can include situations where the applicant intentionally created the problems they are using as grounds for dissolution. This new provision will take effect on July 1, 2026, and will apply to any such dissolution proceedings initiated on or after that date.

https://www.wyoleg.gov/Legislation/2026/HB0152