SF0022

Official summary

Bill Summary - 26LSO-0058 Bill No.: SF0022 Effective: 7/1/2026 LSO No.: 26LSO-0058 Enrolled Act No.: SEA No. 0021 Chapter No.: 25 Prime Sponsor: Select Committee on Blockchain, Financial Technology and Digital Innovation Technology Catch Title: Unincorporated nonprofit associations-amendments. Has Report: No Subject: Unincorporated nonprofit associations amendments. Summary/Major Elements: This act amends the Wyoming Decentralized Nonprofit Association (DUNA) Act by amending, creating, and clarifying definitions, including changing references from "nonprofit association" or "association" to "DUNA", moving the definition of charitable purpose, and adding a definition of "distributed ledger protocol". This act aligns language in the DUNA Act with the Wyoming Unincorporated Nonprofit Association (UNA) Act. This act authorizes DUNAs to automatically convert to UNAs if the membership in the DUNA falls below one hundred (100) members, unless otherwise specified in the DUNA's governing principles. This act requires assets of DUNAs to be distributed according to federal law when winding up the DUNA. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.