HB0011 • 2012

Business entities-revisions.

AN ACT relating to business entities; providing for appeals of denials of reinstatement; clarifying application of limited liability company statutes; and providing for an effective date.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Representative Brown
Last action: 2012-03-16
Official status: enrolled
Effective date: 3/15/2012

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2012-03-16 LSO
Assigned Chapter Number
2012-03-15 Governor
Governor Signed HEA0026
2012-03-07 Senate
S President Signed HEA No. 0026
2012-03-06 House
H Speaker Signed HEA No. 0026
2012-03-06 LSO
Assigned Number HEA0026
2012-03-06 Senate
S Passed 3rd Reading
2012-03-05 Senate
S Passed 2nd Reading
2012-03-02 Senate
S Passed CoW
2012-03-01 Senate
S Placed on General File
2012-03-01 Senate
S07 Recommended Do Pass
2012-02-21 Senate
S Introduced and Referred to S07
2012-02-20 Senate
S Received for Introduction
2012-02-20 House
H Passed 3rd Reading
2012-02-17 House
H Passed 2nd Reading
2012-02-16 House
H Passed CoW
2012-02-16 House
H Placed on General File
2012-02-16 House
H07 Recommended Do Pass
2012-02-14 House
H Introduced and Referred to H07
2012-02-13 House
H Received for Introduction
2011-12-30 LSO
Bill Number Assigned

Official Summary Text

HB0011

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 companys application for reinstatement after administrative
dissolution.

Current Bill Text

Read the full stored bill text

WORKING DRAFT

ORIGINAL HOUSE
BILL

NO.
0011

ENROLLED ACT NO. 26, HOUSE OF REPRESENTATIVES

SIXTY-FIRST LEGISLATURE OF THE STATE OF WYOMING
2012 BUDGET SESSION

AN ACT relating to
business entities; providing for appeals of denials of reinstatement; clarifying application of limited liability company statutes;
and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.
W.S. 17
‑
29
‑
707 is created to read:

17
‑
29
‑
707.

Appeal from rejection of reinstatement
.

Appeals of decisions of the secretary of state under this article may be made as provided in W.S. 17
‑
16
‑
1423.

Section
2
.

W.S. 17
‑
28
‑
110 by creating a new subsection (d) and 17
‑
29
‑
1103(a) are amended to read:

17
‑
28
‑
110.

Reinstatement after administrative dissolution or revocation of authority.

(d)

Appeals of decisions of the secretary of state under this section may be made as provided in W.S. 17
‑
16
‑
1423.

17
‑
29
‑
1103.

Application to existing domestic limited liability companies.

(a)

Except as provided in subsection (b) of this section, t
his chapter applies to domestic limited liability companies in existence on
its effective date

July 1, 2010
that were organized under any general statute of this state providing for organization of limited liability companies
.

if power to amend or repeal the statute under which the limited liability company was organized was reserved.

Section
3
.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the House.

Chief Clerk