Section 17-31-104 – Definition and Election of Decentralized Autonomous Organization Status.
17-31-104. Definition and election of decentralized autonomous organization status. (a) A decentralized autonomous organization is a limited liability company whose articles of organization contain a statement that the company is a decentralized autonomous organization as described in subsection (c) of this section. (b) A limited liability company formed under the Wyoming Limited Liability Company Act, […]
Section 17-31-105 – Formation.
17-31-105. Formation. (a) Any person may form a decentralized autonomous organization which shall have one (1) or more members by signing and delivering one (1) original and one (1) exact or conformed copy of the articles of organization to the secretary of state for filing. The person forming the decentralized autonomous organization need not be […]
Section 17-31-106 – Articles of Organization.
17-31-106. Articles of organization. (a) The articles of organization of a decentralized autonomous organization shall include a statement that the organization is a decentralized autonomous organization, pursuant to W.S. 17-31-104, and shall set forth the matters required by W.S. 17-29-201. (b) In addition to the requirements of subsection (a) of this section the articles of […]
Section 17-31-107 – Amendment or Restatement of Articles of Organization.
17-31-107. Amendment or restatement of articles of organization. (a) Articles of organization shall be amended when: (i) There is a change in the name of the decentralized autonomous organization; (ii) There is a false or erroneous statement in the articles of organization; or (iii) The decentralized autonomous organization’s smart contracts have been updated or changed.
Section 17-30-1003 – Sealing and Availability of Documents.
17-30-1003. Sealing and availability of documents. Except for information that is otherwise publicly available, the privacy of persons who have organized a statutory foundation shall be protected in any judicial proceeding. A filed document or court order issued concerning a statutory foundation shall be sealed and shall not be made a part of the public […]
Section 17-30-1101 – Continuance.
17-30-1101. Continuance. (a) Consistent with subsection (d) of this section, a foreign foundation organized under the laws of a foreign jurisdiction may apply to the secretary of state for registration under this act, upon acknowledgement by the foreign jurisdiction that the domicile of the foreign foundation in that jurisdiction has terminated. (b) The secretary of […]
Section 17-30-1102 – Transfer of a Statutory Foundation to Another Jurisdiction.
17-30-1102. Transfer of a statutory foundation to another jurisdiction. (a) A statutory foundation formed or continued under this act may, if authorized under subsection (f) of this section and by the laws of the foreign jurisdiction, apply to the proper officer of the foreign jurisdiction for a certificate of registration and to the secretary of […]
Section 17-31-101 – Short Title.
17-31-101. Short title. This chapter shall be known and may be cited as the “Wyoming Decentralized Autonomous Organization Supplement.”
Section 17-31-102 – Definitions.
17-31-102. Definitions. (a) As used in this chapter: (i) “Blockchain” means as defined in W.S. 34-29-106(g)(i); (ii) “Decentralized autonomous organization” means a limited liability company organized under this chapter; (iii) “Digital asset” means as defined in W.S. 34-29-101(a)(i); (iv) Repealed by Laws 2022, ch. 36, § 2. (v) “Majority of the members” means more than […]
Section 17-30-904 – Administrative Forfeiture of Authority and Articles of Formation.
17-30-904. Administrative forfeiture of authority and articles of formation. (a) If the registered agent of the statutory foundation has filed its resignation with the secretary of state and the foundation has not replaced its registered agent, or the statutory foundation is without a registered agent or registered office in this state for any reason, the […]