reglab/statecodes huggingface dataset:
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 18 - Wyoming Management Stability Act › Article 4 - Miscellaneous Provisions › Section 17-18-403 - Prohibition Against Waivers.

17-18-403. Prohibition against waivers.
A condition, stipulation or other provision in an agreement or transaction between any shareholders of a corporation that purports to waive compliance with or the rights afforded stockholders under this act is void.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-102 - Reservation of Power to Amend or Repeal.

17-19-102. Reservation of power to amend or repeal.
The legislature shall have the power to amend or repeal all or part of this act at any time and all domestic and foreign corporations subject to this act shall be governed by the amendment or repeal.
B. Filing Documents
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-120 - Filing Requirements.

17-19-120. Filing requirements.
(a) A document shall satisfy the requirements of this section, and of any other section that adds to or varies these requirements, to be entitled to filing by the secretary of state.
(b) This act shall require or permit filing the document in the office of the secretary of state.
(c) The document shall contain the information required by this act. It may contain other information as well.
(d) The document shall be typewritten or printed.
(e) The document shall be in the English language. However, a corporate name need not be in English if written in English letters or Arabic or Roman numerals, and the certificate of existence required of foreign corporations need not be in English if accompanied by an English translation acceptable to the secretary of state.
(f) The document shall be executed:
(i) By the chairman of the board of directors of a domestic or foreign corporation, by its president or by another of its officers;
(ii) If directors have not been selected or the corporation has not been formed, by an incorporator; or
(iii) If the corporation is in the hands of a receiver, trustee or other court-appointed fiduciary, by that fiduciary.
(g) The person executing a document shall sign it manually and shall state beneath or opposite the signature his name and the capacity in which he signs. The document may, but need not, contain:
(i) The corporate seal;
(ii) An attestation by the secretary or an assistant secretary; or
(iii) An acknowledgment, verification or proof.
(h) If the secretary of state has prescribed a mandatory form for a document under W.S. 17-19-121, the document shall be in or on the prescribed form.
(j) The document shall be delivered to the office of the secretary of state for filing and shall be accompanied by:
(i) One (1) exact or conformed copy (except as provided in W.S. 17-28-103);
(ii) The correct filing fee; and
(iii) Any past due or currently due franchise tax, license fee, other fee or penalty required by this act or other law.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-121 - Forms.

17-19-121. Forms.
(a) If the secretary of state so requires, use of forms provided by the secretary of state pursuant to this subsection is mandatory. The secretary of state may prescribe and furnish on request forms for:
(i) An application for a certificate of existence;
(ii) A foreign corporation's application for a certificate of authority to transact business in this state;
(iii) A foreign corporation's application for a certificate of withdrawal;
(iv) The annual report;
(v) A foreign corporation's application for a certificate of continuance; and
(vi) A foreign corporation's application for certificate of domestication.
(b) The secretary of state may prescribe and furnish on request forms for other documents required or permitted to be filed by this act but their use is not mandatory.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-122 - Filing, Service and Copying Fees.

17-19-122. Filing, service and copying fees.
(a) The secretary of state shall collect the following fees when the documents described in this subsection are delivered for filing:
Document Fee
(i) Articles of Incorporation......$50.00
(ii) Repealed By Laws 2014, Ch. 65, 2.
(iii) Repealed By Laws 2014, Ch. 65, 2.
(iv) Amendment of articles of incorporation.................................$25.00
(v) Application for certificate of authority ..............................................$50.00
(vi) Application for certificate of existence or authorization.................................$20.00
(vii) Application for conversion..........$75.00
(b) The secretary of state shall collect a fee of five dollars ($5.00) upon being served with process under this act.
(c) The secretary of state shall set and collect comparable filing, service and copying fees for those documents not listed in subsection (a) of this section.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-123 - Effective Date of Document.

17-19-123. Effective date of document.
(a) Except as provided in subsection (b) of this section, a document is effective:
(i) At the time of filing on the date it is filed, as evidenced by the secretary of state's endorsement on the original document; or
(ii) At the time specified in the document as its effective time on the date it is filed.
(b) A document may specify a delayed effective time and date, and if it does so the document becomes effective at the time and date specified. If a delayed effective date but no time is specified, the document is effective at the close of business on that date. A delayed effective date for a document may not be later than the 90th day after the date filed.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-124 - Correcting Filed Document.

17-19-124. Correcting filed document.
(a) A domestic or foreign corporation may correct a document filed by the secretary of state if the document:
(i) Contains an incorrect statement; or
(ii) Was defectively executed, attested, sealed, verified or acknowledged.
(b) A document is corrected:
(i) By preparing articles of correction that:
(A) Describe the document, including its filing date, or attach a copy of the document to the articles of correction;
(B) Specify the incorrect statement and the reason it is incorrect or the manner in which the execution was defective; and
(C) Correct the incorrect statement or defective execution.
(ii) By delivering the articles of correction to the secretary of state for filing.
(c) Articles of correction are effective on the effective date of the document they correct except as to persons relying on the uncorrected document and adversely affected by the correction. As to those persons, articles of correction are effective when filed.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-125 - Filing Duty of Secretary of State.

17-19-125. Filing duty of secretary of state.
(a) If a document delivered to the office of the secretary of state for filing satisfies the requirements of W.S. 17-19-120, the secretary of state shall file it.
(b) The secretary of state files a document by stamping or otherwise endorsing "Filed," together with his name and official title and the date and the time of filing, on both the original and copy of the document and on the receipt for the filing fee. After filing a document, except as provided in W.S. 17-28-103, the secretary of state shall deliver the document copy, with the filing fee receipt (or acknowledgment of receipt if no fee is required) attached, to the domestic or foreign corporation or its representative. The secretary of state, in his discretion, may issue a certificate evidencing the filing of a document upon the payment of the requisite fee.
(c) If the secretary of state refuses to file a document he shall return it to the domestic or foreign corporation or its representative within fifteen (15) days after the document was delivered, together with a brief, written explanation of the reason or reasons for his refusal.
(d) The secretary of state's duty to file documents under this section is ministerial. Filing or refusal to file a document does not:
(i) Affect the validity or invalidity of the document in whole or in part;
(ii) Relate to the correctness or incorrectness of information contained in the document; or
(iii) Create a presumption that the document is valid or invalid or that information contained in the document is correct or incorrect.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-126 - Appeal From Secretary of State's Refusal to File Document.

17-19-126. Appeal from secretary of state's refusal to file document.
(a) If the secretary of state refuses to file a document delivered to his office for filing, the domestic or foreign corporation may, within thirty (30) days after the return of the document, appeal the refusal to the district court of the county where the corporation's principal office is located in the state or, if the corporation does not have a principal office in the state, the district court of the county where its registered office is or will be located, or the district court of the county of residence of an incorporator for a domestic corporation, or in the district court of Laramie county. The appeal is commenced by petitioning the court to compel filing the document and by attaching to the petition the document and the secretary of state's explanation of his refusal to file.
(b) The court may summarily order the secretary of state to file the document or take other action the court considers appropriate.
(c) The court's final decision may be appealed as in other civil proceedings.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-127 - Evidentiary Effect of Copy of Filed Document.

17-19-127. Evidentiary effect of copy of filed document.
A certificate attached to a copy of a document filed by the secretary of state, bearing his signature (which may be in facsimile) and the seal of this state, is conclusive evidence that the original document is on file with the secretary of state.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-128 - Certificate of Existence.

17-19-128. Certificate of existence.
(a) Any person may apply to the secretary of state to furnish a certificate of existence for a domestic or foreign corporation.
(b) The certificate of existence sets forth:
(i) The domestic corporation's corporate name or the foreign corporation's corporate name used in this state;
(ii) That:
(A) The domestic corporation is duly incorporated under the law of this state, the date of its incorporation, and the period of its duration if less than perpetual; or
(B) The foreign corporation is authorized to transact business in this state.
(iii) That all fees, taxes and penalties owed to this state have been paid, if:
(A) Payment is reflected in the records of the secretary of state; and
(B) Nonpayment affects the good standing of the domestic or foreign corporation.
(iv) That its most recent annual report required by W.S. 17-19-1630 has been delivered to the secretary of state;
(v) That articles of dissolution have not been filed; and
(vi) Other facts of record in the office of the secretary of state that may be requested by the applicant.
(c) Subject to any qualification stated in the certificate, a certificate of existence issued by the secretary of state may be relied upon as conclusive evidence that the domestic or foreign corporation is in existence or is authorized to transact business in this state.
(d) The term "certificate of existence" is synonymous with the term "certificate of good standing."
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-130 - Powers.

17-19-130. Powers.
The secretary of state has the power reasonably necessary to perform the duties required of him by this act. The secretary of state shall promulgate reasonable forms, rules and regulations necessary to carry out the purposes of this act.
D. Definitions
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-141 - Notice.

17-19-141. Notice.
(a) Notice under this act shall be in writing unless oral notice is reasonable under the circumstances.
(b) Notice may be communicated in person; by telephone, telegraph, teletype or other form of wire or wireless communication; or by mail or private carrier. If these forms of personal notice are impracticable, notice may be communicated by a newspaper of general circulation in the area where published; or by radio, television or other form of public broadcast communication.
(c) Oral notice is effective when communicated if communicated in a comprehensible manner.
(d) Written notice, if in a comprehensible form, is effective at the earliest of the following:
(i) When received;
(ii) Five (5) days after its deposit in the United States mail, as evidenced by the postmark, if mailed correctly addressed and with first class postage affixed;
(iii) On the date shown on the return receipt, if sent by registered or certified mail, return receipt requested, and the receipt is signed by or on behalf of the addressee;
(iv) Thirty (30) days after its deposit in the United States mail, as evidenced by the postmark, if mailed correctly addressed and with other than first class, registered or certified postage affixed.
(e) Written notice is correctly addressed to a member of a domestic or foreign corporation if addressed to the member's address shown in the corporation's current list of members.
(f) A written notice or report delivered as part of a newsletter, magazine or other publication regularly sent to members shall constitute a written notice or report if addressed or delivered to the member's address shown in the corporation's current list of members, or in the case of members who are residents of the same household and who have the same address in the corporation's current list of members, if addressed or delivered to one (1) of such members, at the address appearing on the current list of members.
(g) Written notice is correctly addressed to a domestic or foreign corporation (authorized to transact business in this state), other than in its capacity as a member, if addressed to its registered agent or to its secretary at its principal office shown in its most recent annual report or, in the case of a foreign corporation that has not yet delivered an annual report, in its application for a certificate of authority.
(h) If W.S. 17-19-705(b) or any other provision of this act prescribes notice requirements for particular circumstances, those requirements govern. If articles or bylaws prescribe notice requirements, not inconsistent with this section or other provisions of this act, those requirements govern.
E. Private Foundations
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-150 - Private Foundations.

17-19-150. Private foundations.
(a) Except where otherwise determined by a court of competent jurisdiction, a corporation that is a private foundation as defined in section 509(a) of the Internal Revenue Code of 1986:
(i) Shall distribute such amounts for each taxable year at such time and in such manner as not to subject the corporation to tax under section 4942 of the code;
(ii) Shall not engage in any act of self-dealing as defined in section 4941(d) of the code;
(iii) Shall not retain any excess business holdings as defined in section 4943(c) of the code;
(iv) Shall not make any taxable expenditures as defined in section 4944 of the code;
(v) Shall not make any taxable expenditures as defined in section 4945(d) of the code.
(b) All references in this section to sections of the code shall be to such sections of the Internal Revenue Code of 1986 as amended from time to time, or to corresponding provisions of subsequent internal revenue laws of the United States.
F. Judicial Relief
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-160 - Judicial Relief.

17-19-160. Judicial relief.
(a) If for any reason it is impractical or impossible for any corporation to call or conduct a meeting of its members, delegates or directors, or otherwise obtain their consent, in the manner prescribed by its articles, bylaws or this act, then upon petition of a director, officer, delegate, member or the attorney general, the district court of the county where the corporation's principal office is located in the state or, if the corporation does not have a principal office in this state, of the county where its registered office is located, may order that such a meeting be called or that a written ballot or other form of obtaining the vote of members, delegates or directors be authorized, in such a manner as the court finds fair and equitable under the circumstances.
(b) The court shall, in an order issued pursuant to this section, provide for a method of notice reasonably designed to give actual notice to all persons who would be entitled to notice of a meeting held pursuant to the articles, bylaws and this act, whether or not the method results in actual notice to all such persons or conforms to the notice requirements that would otherwise apply. In a proceeding under this section the court may determine who the members or directors are.
(c) The order issued pursuant to this section may dispense with any requirement relating to the holding of or voting at meetings or obtaining votes, including any requirement as to quorums or as to the number or percentage of votes needed for approval, that would otherwise be imposed by the articles, bylaws or this act.
(d) Whenever practical any order issued pursuant to this section shall limit the subject matter of meetings or other forms of consent authorized to items, including amendments to the articles or bylaws, the resolution of which will or may enable the corporation to continue managing its affairs without further resort to this section; provided, however, that an order under this section may also authorize the obtaining of whatever votes and approvals are necessary for the dissolution, merger, consolidation or sale of assets.
(e) Any meeting or other method of obtaining the vote of members, delegates or directors conducted pursuant to an order issued under this section, and that complies with all the provisions of such order, is for all purposes a valid meeting or vote, as the case may be, and shall have the same force and effect as if it complied with every requirement imposed by the articles, bylaws and this act.
G. Attorney General
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-170 - Attorney General.

17-19-170. Attorney general.
(a) The secretary of state shall be given notice of the commencement of any proceeding that this act authorizes the attorney general to bring but that has been commenced by another person.
(b) Whenever any provision of this act requires that notice be given to the secretary of state before or after commencing a proceeding or permits the attorney general to commence a proceeding:
(i) If no proceeding has been commenced, the attorney general may take appropriate action including, but not limited to, seeking injunctive relief;
(ii) If a proceeding has been commenced by a person other than the attorney general, the attorney general, as of right, may intervene in such proceeding.
H. Religious Corporations
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 1 - General Provisions › Section 17-19-180 - Constitutional Protections.

17-19-180. Constitutional protections.
If religious doctrine governing the affairs of a religious corporation is inconsistent with the provisions of this act on the same subject, the religious doctrine shall control to the extent required by the constitution of the United States or the constitution of this state or both.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 2 - Organization › Section 17-19-202 - Articles of Incorporation.

17-19-202. Articles of incorporation.
(a) The articles of incorporation shall set forth:
(i) A corporate name for the corporation that satisfies the requirements of W.S. 17-19-401;
(ii) One (1) of the following statements:
(A) This corporation is a public benefit corporation;
(B) This corporation is a mutual benefit corporation;
(C) This corporation is a religious corporation.
(iii) The street address of the corporation's initial registered office and the name of its initial registered agent at that office;
(iv) The name and address of each incorporator;
(v) Whether or not the corporation will have members; and
(vi) Provisions not inconsistent with law regarding the distribution of assets on dissolution. These provisions may be consistent with the requirements of the Internal Revenue Code, as amended, for tax exempt status.
(b) The articles of incorporation may set forth:
(i) Any provision required by the Internal Revenue Code, as amended, for tax exempt or other tax status;
(ii) The purpose or purposes for which the corporation is organized, which may be, either alone or in combination with other purposes, the transaction of any lawful activity;
(iii) The names and addresses of the individuals who are to serve as the initial directors;
(iv) Provisions not inconsistent with law regarding:
(A) Managing and regulating the affairs of the corporation;
(B) Defining, limiting and regulating the powers of the corporation, its board of directors and members (or any class of members); and
(C) The characteristics, qualifications, rights, limitations and obligations attaching to each or any class of members.
(v) Any provision that under this act is required or permitted to be set forth in the bylaws;
(vi) Any provision giving members different numbers of votes on all questions or particular classes of questions, unequal assessments, or in the case of mutual benefit corporations, unequal rights to assets upon dissolution. These provisions may include the basis upon which these inequalities are to be determined. For mutual benefit corporations, the provisions may include rights of dissent if these rights or inequalities are changed.
(c) Each incorporator and director named in the articles shall sign the articles.
(d) The articles of incorporation need not set forth any of the corporate powers enumerated in this act.
(e) The articles of incorporation shall be accompanied by a written consent to appointment manually signed by the registered agent.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 2 - Organization › Section 17-19-203 - Incorporation.

17-19-203. Incorporation.
(a) Unless a delayed effective date is specified, the corporate existence begins when the articles of incorporation are filed.
(b) The secretary of state's filing of the articles of incorporation is conclusive proof that the incorporators satisfied all conditions precedent to incorporation except in a proceeding by the state to cancel or revoke the incorporation or involuntarily dissolve the corporation.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 2 - Organization › Section 17-19-204 - Liability for Preincorporation Transactions.

17-19-204. Liability for preincorporation transactions.
All persons purporting to act as or on behalf of a corporation formed under this act, knowing there was no incorporation under this act, are jointly and severally liable for all liabilities created while so acting.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 2 - Organization › Section 17-19-205 - Organization of Corporation.

17-19-205. Organization of corporation.
(a) After incorporation:
(i) If initial directors are named in the articles of incorporation, the initial directors shall hold an organizational meeting, at the call of a majority of the directors, to complete the organization of the corporation by appointing officers, adopting bylaws and carrying on any other business brought before the meeting;
(ii) If initial directors are not named in the articles, the incorporator or incorporators shall hold an organizational meeting at the call of a majority of the incorporators:
(A) To elect directors and complete the organization of the corporation; or
(B) To elect a board of directors who shall complete the organization of the corporation.
(b) Action required or permitted by this act to be taken by incorporators at an organizational meeting may be taken without a meeting if the action taken is evidenced by one (1) or more written consents describing the action taken and signed either manually or in facsimile by each incorporator.
(c) An organizational meeting may be held in or out of this state.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 2 - Organization › Section 17-19-206 - Bylaws.

17-19-206. Bylaws.
(a) The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation.
(b) The bylaws may contain any provision for regulating and managing the affairs of the corporation that is not inconsistent with law or the articles of incorporation.
(c) If bylaws are not adopted:
(i) An annual meeting shall be held within three (3) months after the close of the corporation's fiscal year;
(ii) The required officers shall be the president, the secretary and the treasurer; and
(iii) Bylaws may be adopted at any director or member meeting.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 2 - Organization › Section 17-19-207 - Emergency Bylaws and Powers.

17-19-207. Emergency bylaws and powers.
(a) Unless the articles of incorporation provide otherwise, the board of directors of a corporation may adopt bylaws to be effective only in an emergency defined in subsection (d) of this section. The emergency bylaws, which are subject to amendment or repeal by the members, may make all provisions necessary for managing the corporation during the emergency, including:
(i) Procedures for calling a meeting of the board of directors;
(ii) Quorum requirements for the meeting; and
(iii) Designation of additional or substitute directors.
(b) All provisions of the regular bylaws consistent with the emergency bylaws remain effective during the emergency. The emergency bylaws are not effective after the emergency ends.
(c) Corporate action taken in good faith in accordance with the emergency bylaws:
(i) Binds the corporation; and
(ii) Shall not be used to impose liability on a corporate director, officer, employee or agent unless the action violates standards otherwise set forth in this act.
(d) An emergency exists for purposes of this section if a quorum of the corporation's directors cannot readily be assembled because of some extraordinary event.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 3 - Purposes and Powers › Section 17-19-301 - Purposes.

17-19-301. Purposes.
(a) Every corporation incorporated under this act has the purpose of engaging in any lawful activity unless a more limited purpose is set forth in the articles of incorporation.
(b) A corporation engaging in an activity that is subject to regulation under another statute of this state may incorporate under this act only if permitted by, and subject to all limitations of, the other statute.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 3 - Purposes and Powers › Section 17-19-302 - General Powers.

17-19-302. General powers.
(a) Unless its articles of incorporation provide otherwise, every corporation has perpetual duration and succession in its corporate name and has the same powers as an individual to do all things necessary or convenient to carry out its affairs including, without limitation, power:
(i) To sue and be sued, complain and defend in its corporate name;
(ii) To have a corporate seal, which may be altered at will, and to use it, or a facsimile of it, by impressing or affixing or in any other manner reproducing it;
(iii) To make and amend bylaws not inconsistent with its articles of incorporation or with the laws of this state, for regulating and managing the affairs of the corporation;
(iv) To purchase, receive, lease or otherwise acquire, and own, hold, improve, use and otherwise deal with, real or personal property or any legal or equitable interest in property, wherever located;
(v) To sell, convey, mortgage, pledge, lease, exchange and otherwise dispose of all or any part of its property;
(vi) To purchase, receive, subscribe for or otherwise acquire, own, hold, vote, use, sell, mortgage, lend, pledge or otherwise dispose of, and deal in and with, shares or other interests in, or obligations of any entity;
(vii) To make contracts and guaranties, incur liabilities, borrow money, issue notes, bonds and other obligations, and secure any of its obligations by mortgage or pledge of any of its property, franchises or income;
(viii) To lend money, invest and reinvest its funds and receive and hold real and personal property as security for repayment, except as limited by W.S. 17-19-832;
(ix) To be a promoter, partner, member, associate or manager of any partnership, joint venture, trust or other entity;
(x) To conduct its activities, locate offices and exercise the powers granted by this act within or without this state;
(xi) To elect or appoint directors, officers, employees and agents of the corporation, define their duties and fix their compensation;
(xii) To pay pensions and establish pension plans, pension trusts and other benefit and incentive plans for any or all of its current or former directors, officers, employees and agents;
(xiii) To make donations not inconsistent with law for the public welfare or for charitable, religious, scientific or educational purposes and for other purposes that further the corporate interest;
(xiv) To impose dues, assessments, admission and transfer fees upon its members;
(xv) To establish conditions for admission of members, admit members and issue memberships;
(xvi) To carry on a business;
(xvii) To do all things necessary or convenient, not inconsistent with law, to further the activities and affairs of the corporation.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 3 - Purposes and Powers › Section 17-19-303 - Emergency Powers.

17-19-303. Emergency powers.
(a) In anticipation of or during an emergency defined in subsection (d) of this section, the board of directors of a corporation may:
(i) Modify lines of succession to accommodate the incapacity of any director, officer, employee or agent; and
(ii) Relocate the principal office, designate alternative principal offices or regional offices, or authorize the officers to do so.
(b) During an emergency defined in subsection (d) of this section, unless emergency bylaws provide otherwise:
(i) Notice of a meeting of the board of directors need be given only to those directors whom it is practicable to reach and may be given in any practicable manner, including by publication and radio; and
(ii) One (1) or more officers of the corporation present at a meeting of the board of directors may be deemed to be directors for the meeting, in order of rank and within the same rank in order of seniority, as necessary to achieve a quorum.
(c) Corporate action taken in good faith during an emergency under this section to further the ordinary affairs of the corporation:
(i) Binds the corporation; and
(ii) May not be used to impose liability on a corporate director, officer, employee or agent unless the action violates standards otherwise set forth in this act.
(d) An emergency exists for the purposes of this section if a quorum of the corporation's directors cannot readily be assembled because of some extraordinary event.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 3 - Purposes and Powers › Section 17-19-304 - Ultra Vires.

17-19-304. Ultra vires.
(a) Except as provided in subsection (b) of this section, the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act.
(b) A corporation's power to act may be challenged in a proceeding against the corporation to enjoin an act where a third party has not acquired rights. The proceeding may be brought by the attorney general, a director or by a member or members in a derivative proceeding.
(c) A corporation's power to act may be challenged in a proceeding against an incumbent or former director, officer, employee or agent of the corporation. The proceeding may be brought by a director, the corporation, directly, derivatively, or through a receiver, a trustee or other legal representative, or in the case of a public benefit corporation, by the attorney general.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 4 - Names › Section 17-19-401 - Corporate Name.

17-19-401. Corporate name.
(a) A corporate name may not contain language stating or implying that the corporation is organized for a purpose other than that permitted by W.S. 17-19-301 and its articles of incorporation.
(b) Except as authorized by subsections (c) and (d) of this section, a corporate name shall not be the same as, or deceptively similar to the name of 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 required by W.S. 17-16-401.
(c) A corporation may apply to the secretary of state for authorization to use a name that is not distinguishable in accordance with the provisions of W.S. 17-16-401(c).
(i) Repealed By Laws 1996, ch. 80, 3.
(ii) Repealed By Laws 1996, ch. 80, 3.
(d) A corporation may use the name, including the fictitious name, of another domestic or foreign corporation that is used in this state if the other corporation is incorporated or authorized to transact business in this state and the proposed user corporation:
(i) Has merged with the other corporation; or
(ii) Has been formed by reorganization of the other corporation; or
(iii) Has acquired all or substantially all of the assets, including the corporate name, of the other corporation.
(iv) Repealed By Laws 1996, ch. 80, 3.
(e) This act does not control the use of fictitious names.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 4 - Names › Section 17-19-402 - Reserved Name.

17-19-402. Reserved name.
(a) A person may apply to reserve the exclusive use of a corporate name, including a fictitious name for a foreign corporation whose corporate name is not available, 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 corporate name applied for is available, he shall file the application pursuant to W.S. 17-19-125 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 corporate 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.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 5 - Office and Agent › Section 17-19-501 - Registered Office and Registered Agent.

17-19-501. Registered office and registered agent.
(a) Each corporation shall continuously maintain in this state:
(i) A registered office as provided in W.S. 17-28-101 through 17-28-111; and
(ii) A registered agent as provided in W.S. 17-28-101 through 17-28-111.
(A) Repealed by Laws 2008, Ch. 90, 3.
(B) Repealed by Laws 2008, Ch. 90, 3.
(C) Repealed by Laws 2008, Ch. 90, 3.
(b) The provisions of W.S. 17-28-101 through 17-28-111 shall apply to all nonprofit corporations.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 6 - Members and Memberships › Section 17-19-601 - Admission.

17-19-601. Admission.
(a) The articles or bylaws may establish criteria or procedures for admission of members.
(b) No person shall be admitted as a member without his consent.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 6 - Members and Memberships › Section 17-19-610 - Differences in Rights and Obligations of Members.

17-19-610. Differences in rights and obligations of members.
All members shall have the same rights and obligations with respect to voting, dissolution, redemption and transfer, unless the articles or bylaws establish classes of membership with different rights or obligations. All members shall have the same rights and obligations with respect to any other matters, except as set forth in or authorized by the articles or bylaws.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 6 - Members and Memberships › Section 17-19-611 - Transfers.

17-19-611. Transfers.
(a) Except as set forth in or authorized by the articles or bylaws, no member of a mutual benefit corporation may transfer a membership or any right arising therefrom.
(b) No member of a public benefit or religious corporation may transfer a membership or any right arising therefrom.
(c) Where transfer rights have been provided, no restriction on them shall be binding with respect to a member holding a membership issued prior to the adoption of the restriction unless the restriction is approved by the members and the affected member.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 6 - Members and Memberships › Section 17-19-612 - Member's Liability to Third Parties.

17-19-612. Member's liability to third parties.
A member of a corporation is not, as such, personally liable for the acts, debts, liabilities or obligations of the corporation.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 6 - Members and Memberships › Section 17-19-613 - Member's Liability for Dues, Assessments and Fees.

17-19-613. Member's liability for dues, assessments and fees.
A member may become liable to the corporation for dues, assessments or fees as a condition for remaining a member. An article, bylaw or corporate resolution authorizing dues, assessments or fees is not, by itself, sufficient to impose liability without the consent or acquiescence of the member.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 6 - Members and Memberships › Section 17-19-614 - Creditor's Action Against Member.

17-19-614. Creditor's action against member.
(a) No proceeding may be brought by a creditor to reach the liability, if any, of a member to the corporation unless final judgment has been rendered in favor of the creditor against the corporation and execution has been returned unsatisfied in whole or in part or unless such proceeding would be useless.
(b) All creditors of the corporation, with or without reducing their claims to judgment, may intervene in any creditor's proceeding brought under subsection (a) of this section to reach and apply unpaid amounts due the corporation. Any or all members who owe amounts to the corporation may be joined in such proceeding.
C. Resignation and Termination
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 6 - Members and Memberships › Section 17-19-620 - Resignation.

17-19-620. Resignation.
(a) A member may resign at any time.
(b) The resignation of a member does not relieve the member from any obligations the member may have to the corporation as a result of obligations incurred or commitments made prior to resignation.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 6 - Members and Memberships › Section 17-19-621 - Termination, Expulsion and Suspension.

17-19-621. Termination, expulsion and suspension.
(a) No member of a public benefit or mutual benefit corporation may be expelled or suspended, and no membership or memberships in such corporations may be terminated or suspended except pursuant to a procedure that is fair and reasonable and is carried out in good faith.
(b) A procedure is fair and reasonable when either:
(i) The articles or bylaws set forth a procedure that provides:
(A) Not less than fifteen (15) days prior written notice of the expulsion, suspension or termination and the reasons therefor; and
(B) An opportunity for the member to be heard, orally or in writing, not less than five (5) days before the effective date of the expulsion, suspension or termination by a person or persons authorized to decide that the proposed expulsion, termination or suspension not take place; or
(ii) It is fair and reasonable taking into consideration all of the relevant facts and circumstances.
(c) Any written notice given by mail shall be given by first class, return receipt requested, sent to the last address of the member shown on the corporation's records.
(d) Any proceeding challenging an expulsion, suspension or termination, including a proceeding in which defective notice is alleged, shall be commenced within one (1) year after the effective date of the expulsion, suspension or termination.
(e) A member who has been expelled or suspended may be liable to the corporation for dues, assessments or fees as a result of obligations incurred or commitments made prior to expulsion or suspension.
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 6 - Members and Memberships › Section 17-19-622 - Purchase of Memberships.

17-19-622. Purchase of memberships.
(a) A public benefit or religious corporation may not purchase any of its memberships or any right arising therefrom.
(b) A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws. No payment shall be made in violation of article 13 of this act.
D. Derivative Suits
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 6 - Members and Memberships › Section 17-19-630 - Derivative Suits.

17-19-630. Derivative suits.
(a) A proceeding may be brought in the right of a domestic or foreign corporation to procure a judgment in its favor by:
(i) Any member or members having five percent (5%) or more of the voting power or by fifty (50) members, whichever is less; or
(ii) Any director.
(b) In any proceeding under this section, each complainant shall be a member or director at the time of bringing the proceeding.
(c) A complaint in a proceeding brought in the right of a corporation shall be verified and allege with particularity the demand made, if any, to obtain action by the directors and either why the complainants could not obtain the action or why they did not make the demand. If a demand for action was made and the corporation's investigation of the demand is in progress when the proceeding is filed, the court may stay the suit until the investigation is completed.
(d) On termination of the proceeding the court may require the complainants to pay any defendant's reasonable expenses, including counsel fees, incurred in defending the suit if it finds that the proceeding was commenced frivolously or in bad faith.
(e) If the proceeding on behalf of the corporation results in the corporation taking some action requested by the complainants or otherwise was successful, in whole or in part, or if anything was received by the complainants as the result of a judgment, compromise or settlement of an action or claim, the court may award the complainants reasonable expenses, including counsel fees.
(f) The complainants shall notify the secretary of state within ten (10) days after commencing any proceeding under this section if the proceeding involves a public benefit corporation or assets held in charitable trust by a mutual benefit corporation. The secretary of state shall then notify the attorney general.
E. Delegates
2023 Wyoming Statutes › Title 17 - Corporations, Partnerships and Associations › Chapter 19 - Wyoming Nonprofit Corporation Act › Article 6 - Members and Memberships › Section 17-19-640 - Delegates.

17-19-640. Delegates.
(a) A corporation may provide in its articles or bylaws for delegates having some or all of the authority of members.
(b) The articles or bylaws may set forth provisions relating to:
(i) The characteristics, qualifications, rights, limitations and obligations of delegates including their selection and removal;
(ii) Calling, noticing, holding and conducting meetings of delegates; and
(iii) Carrying on corporate activities during and between meetings of delegates.