reglab/housing_qa huggingface dataset:
WY Stat § 17-23-119 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 23 - Wyoming Statutory Trust Act|Article 1 - General Provisions|Section 17-23-119 - Reserved Name.

17-23-119. Reserved name.| (a) A person may apply to reserve the exclusive use of a statutory trust name by delivering an application to the secretary of state for filing. The application shall set forth the name and address of the applicant and the name proposed to be reserved. If the secretary of state finds that the statutory trust name applied for is available, the secretary shall file the application and reserve the name for the applicant's exclusive use for a nonrenewable one hundred twenty (120) day period.  (b) The owner of a reserved statutory trust name may transfer the reservation to another person by delivering to the secretary of state a manually signed notice of the transfer that states the name and address of the transferee.
WY Stat § 17-23-120 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 23 - Wyoming Statutory Trust Act|Article 1 - General Provisions|Section 17-23-120 - Derivative Actions.

17-23-120. Derivative actions.| (a) A beneficial owner may bring an action in the district court in the right of a statutory trust to recover a judgment in its favor if trustees with authority to do so have refused to bring the action or if an effort to cause those trustees to bring the action is not likely to succeed.  (b) In a derivative action, the plaintiff must be a beneficial owner at the time of bringing the action and:  (i) At the time of the transaction of which he complains; or  (ii) His status as a beneficial owner had devolved upon him by operation of law or pursuant to the terms of the governing instrument of the statutory trust from a person who was a beneficial owner at the time of the transaction.  (c) In a derivative action, the complaint shall set forth with particularity the effort, if any, of the plaintiff to secure initiation of the action by the trustees, or the reasons for not making the effort.  (d) If a derivative action is successful, in whole or in part, or if anything is received by a statutory trust as a result of a judgment, compromise or settlement of any derivative action, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees. If anything is so received by the plaintiff, the court shall make the award of the plaintiff's expenses payable out of those proceeds and direct the plaintiff to remit to the statutory trust the remainder of the proceeds. If those proceeds are insufficient to reimburse the plaintiff's reasonable expenses, the court may direct that any award of plaintiff's expenses or portion thereof be paid by the statutory trust.  (e) A beneficial owner's right to bring a derivative action may be subject to additional standards and restrictions, if any, as are set forth in the governing instrument, including, without limitation, the requirement that beneficial owners owning a specified beneficial interest in the statutory trust join in the bringing of the derivative action.
WY Stat § 17-23-121 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 23 - Wyoming Statutory Trust Act|Article 1 - General Provisions|Section 17-23-121 - Indemnification.

17-23-121. Indemnification.| (a) Subject to standards and restrictions, if any, as are set forth in the governing instrument, a statutory trust shall have the power to indemnify and hold harmless any trustee or beneficial owner or other person from and against any and all claims and demands whatsoever.  (b) The absence of a provision for indemnity in the governing instrument shall not be construed to deprive any trustee or beneficial owner or other person of any right to indemnity which is otherwise available to the person under the laws of this state.
WY Stat § 17-23-301 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 23 - Wyoming Statutory Trust Act|Article 3 - Effectiveness|Section 17-23-301 - Reserved Power of State to Amend or Repeal Chapter.

17-23-301. Reserved power of state to amend or repeal chapter.| All provisions of this chapter may be altered from time to time or repealed and all rights of statutory trusts, trustees, beneficial owners and other persons are subject to this reservation.
WY Stat § 17-23-302 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 23 - Wyoming Statutory Trust Act|Article 3 - Effectiveness|Section 17-23-302 - Construction and Application of Chapter and Governing Instrument.

17-23-302. Construction and application of chapter and governing instrument.| (a) The rule that statutes in derogation of the common law are to be strictly construed shall have no application to this chapter.  (b) It is the policy of this chapter to give maximum effect to the principle of freedom of contract and to the enforceability of governing instruments.
WY Stat § 17-29-101 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 1 - General Provisions|Section 17-29-101 - Short Title.

17-29-101. Short title.| This chapter may be cited as the "Wyoming Limited Liability Company Act".
WY Stat § 17-29-103 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 1 - General Provisions|Section 17-29-103 - Knowledge; Notice.

17-29-103. Knowledge; notice.| (a) A person knows a fact when the person:  (i) Has actual knowledge of it; or  (ii) Is deemed to know it under paragraph (d)(i) of this section or law other than this chapter.  (b) A person has notice of a fact when the person:  (i) Has reason to know the fact from all of the facts known to the person at the time in question; or  (ii) Is deemed to have notice of the fact under paragraph (d)(ii) of this section.  (c) A person notifies another of a fact by taking steps reasonably required to inform the other person in ordinary course, whether or not the other person knows the fact.  (d) A person that is not a member is deemed:  (i) To know of a limitation on authority to transfer real property as provided in W.S. 17-29-302(g); and  (ii) To have notice of a limited liability company's:  (A) Dissolution, ninety (90) days after articles of dissolution under W.S. 17-29-702(b)(ii)(A) and the limitation on the member's or manager's authority as a result of the statement of dissolution becomes effective;  (B) Reserved; and  (C) Merger, conversion, continuance, transfer or domestication, ninety (90) days after articles of merger, conversion, continuance, transfer or domestication under article 10 of this chapter become effective.
WY Stat § 17-29-104 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 1 - General Provisions|Section 17-29-104 - Nature, Purpose and Duration of Limited Liability Company.

17-29-104. Nature, purpose and duration of limited liability company.| (a) A limited liability company is an entity distinct from its members.  (b) A limited liability company may have any lawful purpose, regardless of whether for profit.  (c) A limited liability company has perpetual duration.  (d) Limited liability companies may be organized under this chapter for any lawful purpose, except for the purpose of acting as a financial institution or acting as an insurer as defined in W.S. 26-1-102(a)(xvi).  (e) Nothing in this chapter shall be interpreted as precluding an individual whose occupation requires licensure under Wyoming law from forming a limited liability company if the applicable licensing statutes do not prohibit it and the licensing body does not prohibit it by rule or regulation adopted consistent with the appropriate licensing statute. No limited liability company may offer professional services or practice a profession except by and through its licensed members or licensed employees, each of whom shall retain his professional license in good standing and shall remain as fully liable and responsible for his professional activities, and subject to all rules, regulations, standards and requirements pertaining thereto, as though practicing individually rather than in a limited liability company.
WY Stat § 17-29-105 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 1 - General Provisions|Section 17-29-105 - Powers.

17-29-105. Powers.| A limited liability company has the capacity to sue and be sued in its own name and the power to do all things necessary or convenient to carry on its activities.
WY Stat § 17-29-106 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 1 - General Provisions|Section 17-29-106 - Governing Law.

17-29-106. Governing law.| (a) The law of this state governs:  (i) The internal affairs of a limited liability company; and  (ii) The liability of a member as member and a manager as manager for the debts, obligations or other liabilities of a limited liability company.
WY Stat § 17-29-107 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 1 - General Provisions|Section 17-29-107 - Supplemental Principles of Law; Applicability.

17-29-107. Supplemental principles of law; applicability.| (a) Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter.  (b) The Financial Technology Sandbox Act shall apply to this chapter.
WY Stat § 17-29-108 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 1 - General Provisions|Section 17-29-108 - Name.

17-29-108. Name.| (a) The words "limited liability company," or its abbreviations "LLC" or "L.L.C.," "limited company," or its abbreviations "LC" or "L.C.," "Ltd. liability company," "Ltd. liability co." or "limited liability co." shall be included in the name of every limited liability company formed under the provisions of this act except the name of a low profit limited liability company, as defined in W.S. 17-29-102(a)(ix) shall contain the abbreviations "L3C," "l3c," "low profit ltd. liability company," "low profit ltd. liability co." or "low profit limited liability co.". In addition, the limited liability company name may not:  (i) Contain a word or phrase which indicates or implies that it is organized for a purpose other than one (1) or more of the purposes contained in its articles of organization;  (ii) Be the same as, or deceptively similar to, any trademark or service mark registered in this state and shall be distinguishable upon the records of the secretary of state from other business names as provided in W.S. 17-16-401;  (iii) Contain a word or phrase which indicates or implies that it is organized under the Wyoming Business Corporation Act, the Wyoming Statutory Close Corporation Supplement or the Nonprofit Corporation Act.  (b) Nothing in this article shall prohibit the use of a tradename in accordance with applicable law.
WY Stat § 17-29-109 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 1 - General Provisions|Section 17-29-109 - Reservation of Name.

17-29-109. Reservation of name.| (a) A person may reserve the exclusive use of the name of a limited liability company, including a fictitious or assumed name for a foreign limited liability company whose name is not available, by delivering an application to the secretary of state for filing. The application must state the name and address of the applicant and the name proposed to be reserved. If the secretary of state finds that the name for which application has been made is available, it shall be reserved for the applicant's exclusive use for a one hundred twenty (120) day period.  (b) The owner of a name reserved for a limited liability company may transfer the reservation to another person by delivering to the secretary of state for filing a signed notice of the transfer which states the name and address of the transferee.
WY Stat § 17-29-110 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 1 - General Provisions|Section 17-29-110 - Operating Agreement; Scope, Function and Limitations.

17-29-110. Operating agreement; scope, function and limitations.| (a) Except as otherwise provided in subsections (b) and (c) of this section, the operating agreement governs all of the following:  (i) Relations among the members as members and between the members and the limited liability company;  (ii) The rights and duties under this chapter of a person in the capacity of manager;  (iii) The activities of the company and the conduct of those activities;  (iv) The means and conditions for amending the operating agreement;  (v) Management rights and voting rights of members;  (vi) Transferability of membership interests;  (vii) Distributions to members prior to dissolution;  (viii) All other aspects of the management of the limited liability company.  (b) To the extent the operating agreement does not otherwise provide for a matter described in subsection (a) of this section, this chapter governs the matter.  (c) An operating agreement shall not:  (i) Vary a limited liability company's capacity under W.S. 17-29-105 to sue and be sued in its own name;  (ii) Vary the law applicable under W.S 17-29-106;  (iii) Vary the power of the court under W.S. 17-29-204;  (iv) Reserved;  (v) Eliminate the contractual obligation of good faith and fair dealing under W.S. 17-29-409(d);  (vi) Unreasonably restrict the duties and rights stated in W.S. 17-29-410;  (vii) Vary the power of a court to decree dissolution in the circumstances specified in W.S. 17-29-701(a)(iv) and (v);  (viii) Vary the requirement to wind up a limited liability company's business as specified in W.S. 17-29-702(a) and (b)(i);  (ix) Unreasonably restrict the right of a member to maintain an action under article 9 of this chapter;  (x) Reserved; or  (xi) Reserved.
WY Stat § 17-29-111 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 1 - General Provisions|Section 17-29-111 - Operating Agreement; Effect on Limited Liability Company and Persons Becoming Members; Preformation Agreement.

17-29-111. Operating agreement; effect on limited liability company and persons becoming members; preformation agreement.| (a) A limited liability company is bound by and may enforce the operating agreement, whether or not the company has itself manifested assent to the operating agreement.  (b) A person that becomes a member of a limited liability company is deemed to assent to the operating agreement.  (c) Two (2) or more persons intending to become the initial members of a limited liability company may make an agreement providing that upon the formation of the company the agreement will become the operating agreement. One (1) person intending to become the initial member of a limited liability company may assent to terms providing that upon the formation of the company the terms will become the operating agreement.
WY Stat § 17-29-112 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 1 - General Provisions|Section 17-29-112 - Operating Agreement; Effect on Third Parties and Relationship to Records Effective on Behalf of Limited Liability Company.

17-29-112. Operating agreement; effect on third parties and relationship to records effective on behalf of limited liability company.| (a) An operating agreement may specify that its amendment requires the approval of a person that is not a party to the operating agreement or the satisfaction of a condition. An amendment is ineffective if its adoption does not include the required approval or satisfy the specified condition.  (b) The obligations of a limited liability company and its members to a person in the person's capacity as a transferee or dissociated member are governed by the operating agreement. An amendment to the operating agreement made after a person becomes a transferee or dissociated member is effective with regard to any debt, obligation or other liability of the limited liability company or its members to the person in the person's capacity as a transferee or dissociated member.  (c) If a record that has been delivered by a limited liability company to the secretary of state for filing and has become effective under this chapter contains a provision that would be ineffective under W.S. 17-29-110(c) if contained in the operating agreement, the provision is likewise ineffective in the record.  (d) Subject to subsection (c) of this section, if a record that has been delivered by a limited liability company to the secretary of state for filing and has become effective under this chapter conflicts with a provision of the operating agreement:  (i) The operating agreement prevails as to members, dissociated members, transferees and managers; and  (ii) The record prevails as to other persons to the extent they reasonably rely on the record.
WY Stat § 17-29-113 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 1 - General Provisions|Section 17-29-113 - Registered Office and Registered Agent to Be Maintained.

17-29-113. Registered office and registered agent to be maintained.| (a) Each limited liability company shall have and continuously maintain in this state:  (i) A registered office as provided in W.S. 17-28-101 through 17-28-111;  (ii) A registered agent as provided in W.S. 17-28-101 through 17-28-111.  (b) The provisions of W.S. 17-28-101 through 17-28-111 shall apply to all limited liability companies.
WY Stat § 17-29-114 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 1 - General Provisions|Section 17-29-114 - Foreign Limited Liability Companies; Operation; Revocation and Reinstatement of Certificates of Authority.

17-29-114. Foreign limited liability companies; operation; revocation and reinstatement of certificates of authority.| To the extent not inconsistent with this act or the provisions of the Wyoming Business Corporations Act, a foreign limited liability company shall do business in Wyoming by complying with the provisions of W.S. 17-16-1501 through 17-16-1536 in the same manner as a foreign corporation. A foreign limited liability company's certificate of authority shall be revoked or reinstated in the manner provided for foreign corporations in W.S. 17-16-1530 through 17-16-1532.
WY Stat § 17-29-201 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 2 - Formation, Articles of Organization and Other Filings|Section 17-29-201 - Formation of Limited Liability Company; Articles of Organization.

17-29-201. Formation of limited liability company; articles of organization.| (a) One (1) or more persons may act as organizers to form a limited liability company by signing and delivering to the secretary of state for filing articles of organization.  (b) Articles of organization shall state:  (i) The name of the limited liability company, which must comply with W.S. 17-29-108;  (ii) The street address of the limited liability company's initial registered office and the name of its initial registered agent at that office; and  (iii) Reserved.  (c) The articles of organization shall be accompanied by a written consent to appointment signed by the registered agent.  (d) Subject to W.S. 17-29-112(c), articles of organization may also contain statements as to matters other than those required by subsection (b) of this section. However, a statement in articles of organization is not effective as a statement of authority.  (e) The following rules apply:  (i) A limited liability company is formed when the articles of organization become effective, unless the articles state a delayed effective date pursuant to W.S. 17-29-205(c);  (ii) If the articles state a delayed effective date, a limited liability company is not formed if, before the articles take effect, a statement of cancellation is signed and delivered to the secretary of state for filing and the secretary of state files the articles;  (iii) Subject to any delayed effective date and except in a proceeding by this state to dissolve a limited liability company, the filing of the articles of organization by the secretary of state is conclusive proof that the organizer satisfied all conditions to the formation of a limited liability company.
WY Stat § 17-29-202 (2021)
2021 Wyoming Statutes|Title 17 - Corporations, Partnerships and Associations|Chapter 29 - Wyoming Limited Liability Company Act|Article 2 - Formation, Articles of Organization and Other Filings|Section 17-29-202 - Amendment or Restatement of Articles of Organization.

17-29-202. Amendment or restatement of articles of organization.| (a) Articles of organization may be amended or restated at any time. Articles of organization shall be amended when:  (i) There is a change in the name of the limited liability company;  (ii) There is a false or erroneous statement in the articles of organization.  (b) To amend its articles of organization, a limited liability company must deliver to the secretary of state for filing an amendment stating:  (i) The name of the company;  (ii) The date of filing of its articles of organization; and  (iii) The changes the amendment makes to the articles as most recently amended or restated.  (c) To restate its articles of organization, a limited liability company shall deliver to the secretary of state for filing a restatement, designated as such in its heading, stating:  (i) In the heading or an introductory paragraph, the company's present name and the date of the filing of the company's initial articles of organization; and  (ii) The changes the restatement makes to the articles as most recently amended or restated.  (d) Subject to W.S. 17-29-112(c) and 17-29-205(c), an amendment to or restatement of articles of organization is effective when delivered for filing with the secretary of state.  (e) If a member of a member-managed limited liability company, or a manager of a manager-managed limited liability company, knows that any information in filed articles of organization was inaccurate when the articles were filed or has become inaccurate owing to changed circumstances, the member or manager shall promptly:  (i) Cause the articles to be amended; or  (ii) If appropriate, deliver to the secretary of state for filing a statement of correction under W.S. 17-28-102 or a statement of correction under W.S. 17-29-206.