Section 17-30-905 – Appeal From Rejection of Reinstatement.
17-30-905. Appeal from rejection of reinstatement. Appeals from decisions of the secretary of state made under this act shall occur as provided in W.S. 17-16-1423.
Section 17-30-906 – Distribution Upon Termination.
17-30-906. Distribution upon termination. Upon the occurrence of an event terminating a statutory foundation, including forfeiture under this section, the board of directors shall proceed expeditiously to distribute the property of the foundation as provided in the articles of formation or the operating agreement of the foundation.
Section 17-30-1001 – Role of Court in Administration.
17-30-1001. Role of court in administration. (a) The court may intervene in the administration of a statutory foundation only to the extent its jurisdiction is invoked as provided in this act or as otherwise provided by law. (b) A statutory foundation is not subject to continuing judicial supervision unless ordered by a court. (c) A […]
Section 17-30-1002 – Power of Court to Give Directions.
17-30-1002. Power of court to give directions. (a) Upon application to the court by a founder, protector or statutory foundation, the court may issue a declaratory judgment regarding the following: (i) The meaning and effect of a provision in the articles of formation or operating agreement of the foundation; (ii) The administration of the property […]
Section 17-30-704 – Fees; Annual Fee.
17-30-704. Fees; annual fee. (a) The secretary of state shall collect the following fees from statutory foundations and foreign statutory foundations: (i) Filing the original articles of formation or issuing a certificate of authority for a foreign statutory foundation, a fee of two hundred fifty dollars ($250.00); (ii) Filing amended articles of formation, a fee […]
Section 17-30-801 – Creditor Claim Against Founder.
17-30-801. Creditor claim against founder. The property of a statutory foundation contributed by a founder or a contributor, and all income, appreciation and proceeds thereof, shall not be subject to the claims of a founder’s or a contributor’s creditor, including any claims for forced heirship or legitime right.
Section 17-30-901 – Termination.
17-30-901. Termination. (a) A statutory foundation may be terminated, and its activities wound up, upon the occurrence of any of the following: (i) An event or circumstance provided in the operating agreement or articles of formation of the foundation that results in or authorizes termination; (ii) Upon consent of all adult beneficiaries, the founder and […]
Section 17-30-902 – Cancellation of Articles of Formation.
17-30-902. Cancellation of articles of formation. (a) The articles of formation of the statutory foundation shall be cancelled upon the completion of termination and winding up of the foundation. A certificate of cancellation shall be filed with the secretary of state and shall set forth: (i) The name of the statutory foundation; (ii) The date […]
Section 17-30-903 – Claims Against Terminated Statutory Foundation.
17-30-903. Claims against terminated statutory foundation. (a) A terminated statutory foundation may publish notice of termination and, in the notice, request persons with claims against the foundation to present them in accordance with the notice. (b) The notice authorized by subsection (a) of this section shall: (i) Be published at least once in a newspaper […]
Section 17-30-602 – Interests; Units and Shares.
17-30-602. Interests; units and shares. (a) Repealed by Laws 2021, ch. 98, § 2. (b) Repealed by Laws 2021, ch. 98, § 2. (c) No creditor of a beneficiary shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of the statutory foundation. (d) Repealed […]