2023 Wyoming Statutes › Title 34 - Property, Conveyances and Security Transactions › Chapter 29 - Digital Assets › Article 2 - Registered Digital Assets › Section 34-29-204 - Examination of Application; Amendment of Application.

34-29-204. Examination of application; amendment of application. Note: this section is effective as of 12/1/2023.
(a) Upon the filing of a complete application for registration and payment of the registration fee, the application shall be deemed approved and the digital asset registered pursuant to this article unless the secretary, at his discretion, causes the application to be examined for conformity with this article subject to the following:
(i) The applicant shall provide any additional information requested by the secretary and may make or authorize the secretary to make necessary amendments to the application as may be reasonably requested by the secretary or deemed by the applicant to be advisable to respond to any rejection or objection to the application;
(ii) The secretary may revise the application with agreement of the applicant or may require the applicant to submit a revised application;
(iii) If the applicant is found not to meet the registration requirements, the secretary shall advise the applicant of the reasons. The applicant shall have a reasonable period of time specified by the secretary in which to reply or to amend the application, in which event the application shall be reexamined. This procedure may be repeated until:
(A) The secretary finally refuses registration of the digital asset; or
(B) The applicant fails to reply or amend within the specified period, whereupon the application shall be deemed to have been abandoned.
34-29-205. Term of registration; renewals. Note: this section is effective as of 12/1/2023.
(a) Registration of a digital asset is effective for a term of five (5) years from the date of registration. Upon application filed within six (6) months prior to the expiration of the registration term and in a manner complying with the requirements of the secretary, the registration may be renewed for a term of five (5) years from the end of the expiring term. The renewal fee shall be set in accordance with W.S. 34-29-209, but shall not exceed two hundred fifty dollars ($250.00) and shall be submitted with the application for renewal of the registration.
(b) A digital asset registration may be renewed for successive periods of five (5) years under this section.
34-29-206. Public record of digital assets. Note: this section is effective as of 12/1/2023.
The secretary shall keep for public examination a record of all registered digital assets under this article.
34-29-207. Cancellation of registration. Note: this section is effective as of 12/1/2023.
(a) A digital asset shall no longer be deemed registered and the secretary shall cancel from the register:
(i) Any registration upon a voluntary request for cancellation thereof from the lawful owner of the digital asset or his agent and payment of a fee set in accordance with W.S. 34-29-209, but not to exceed thirty dollars ($30.00);
(ii) Any registration that is not renewed under this article;
(iii) Any registration if a court of competent jurisdiction finds:
(A) That the registration was granted improperly;
(B) That the registration was obtained fraudulently.
(iv) Any registration when a court of competent jurisdiction orders cancellation of a registration on any ground.
34-29-208. False or fraudulent representations or declarations; liability for damages sustained. Note: this section is effective as of 12/1/2023.
Any person who for himself, or on behalf of any other person, files or registers any digital asset in the office of the secretary under the provisions of this article by knowingly making any false or fraudulent representation or declaration, orally or in writing, or by any other means, shall be liable to pay all damages sustained in consequence of the filing or registration, to be recovered by or on behalf of the injured party in any court of competent jurisdiction.
34-29-209. Powers of secretary of state; filing and other fees. Note: this section is effective as of 12/1/2023.
(a) The secretary has all powers reasonably necessary to perform the duties required by this article including the promulgation of rules and regulations necessary to carry out the purposes of this article.
(b) The secretary shall set and collect registration, service and copying fees to recover the costs of providing these services and administering this act. Fees shall not exceed the costs of providing these services and administering this act.