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.