Bill No.: HB0011                  Drafter:  LGC

 

LSO No.:  12LSO-0013              Effective Date: March 15, 2012

 

Enrolled Act No.:  HEA0026

 

Chapter No.:       CH0078

 

Prime Sponsor:     Representative Brown

 

Catch Title:       Business entities-revisions.

 

Subject:           Revision limited liability company act statutes.

 

 

Summary/Major Elements:

 

·         In the 2010 legislative session, Wyoming statutes were updated to reflect the Model Limited Liability Company Act.  This act corrects a missed provision by repealing language limiting application of the statutes.

 

·         The act also clarifies how appeals may be taken of decisions of the secretary of state rejecting a limited liability company’s application for reinstatement after administrative dissolution.