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Wyoming2026Did Not Pass

HB0125

Business Entity Forced Dissolution for Fraud

Last scannedAug 25, 2026, 2:25 AM

In one sentence

The bill allows the secretary of state to dissolve or revoke the authority of certain business entities if they provide false information or have board members convicted of fraud.

What it does

  • Allows the secretary of state to dissolve a corporation, limited liability company (LLC), or statutory foundation if it provides false or fraudulent information.
  • Requires the secretary of state to revoke the certificate of authority for foreign corporations doing business in Wyoming if they provide false or fraudulent information.
  • Permits dissolution or revocation if a board member is convicted of fraud against another person under U.S. or Wyoming laws.

Who it affects

  • Corporations, LLCs, and statutory foundations in Wyoming
  • Foreign corporations authorized to do business in Wyoming

Limits and unknowns

  • The bill did not pass and was introduced but failed on February 10, 2026.
  • It is unclear how many businesses would be affected by these new rules.

Plain language

Terms to know

Administrative dissolution
A process where the secretary of state can end a company's legal existence without going through court.
Certificate of authority
A document that allows foreign corporations to legally operate in Wyoming.

Official record

Sources

Validated

Public statements

Why lawmakers voted

Last checked Aug 5, 1:27 AM

Ann Lucas

R · H43

Voted Yes

Why they voted this way

The lawmaker supports the bill because it helps reduce fraud by allowing administrative dissolution of business entities where principals have been convicted of fraud, which negatively impacts Wyoming citizens.

Public statementFloor statement at 3:04:53 Watch the statement

J.T. Larson

R · H17

Voted No

Why they voted this way

The lawmaker opposes the bill because they believe it is too broad, as a board member's personal fraud does not necessarily mean the company itself committed fraud.

Public statementFloor statement at 3:05:53 Watch the statement

Mike Yin

D · H16

Voted No

Why they voted this way

The lawmaker opposes the bill because they believe individuals who have served their sentences for fraud should still retain the right to start new businesses and achieve the American dream.

Public statementFloor statement at 3:06:13 Watch the statement

If a lawmaker is not listed, we couldn't find a published reason.

Wyoming roll calls

Recorded votes

1 roll call

Official activity

Bill history

  1. H Failed Introduction 33-28-1-0-0House
  2. H Received for IntroductionHouse
  3. Bill Number AssignedLSO