Duties of registered agents-amendments.

Plain English Breakdown

The effective date in the candidate explanation is incorrect and should be removed or corrected based on official sources.

Changes to Registered Agents' Duties

The bill modifies the duties of registered agents for corporations, partnerships, and associations by requiring them to keep a list of all owners' names.

What This Bill Does

• Adds new requirements for registered agents to maintain information about entity owners.
• Requires registered agents to have up-to-date owner details within 60 days of any changes.
• Exempts entities with more than 100 owners from the requirement to list all individual owners' names and addresses.

Who It Names or Affects

• Registered agents for corporations, partnerships, and associations in Wyoming.
• Owners of these entities who must provide their names to the registered agent.

Terms To Know

registered agent

A person or company designated by a corporation, partnership, or association to receive legal documents on behalf of the entity in Wyoming.

entity owners

People who have ownership stakes in corporations, partnerships, or associations, such as partners, members, and shareholders.

Limits and Unknowns

• The bill did not pass during its session.
• It is unclear how the exemption for entities with more than 100 owners will be enforced.
• The effective date specified in the candidate explanation (July 1, 2024) does not match the official text.

Current Bill Text

24LSO-0474
2024
STATE OF WYOMING
24LSO-0474
Numbered
2.0

HOUSE BILL NO. HB0098

Duties of registered agents-amendments.

Sponsored by: Representative(s) Crago, Lawley, Olsen, Stith, Washut and Western and Senator(s) Barlow and Kinskey

A BILL

for

AN ACT relating to corporations, partnerships and associations; modifying the duties of registered agents; requiring registered agents to maintain the names of all owners of each entity; providing an exception; and providing for an effective date.

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

Section 1
.

W.S. 17
‑
28
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107(a)(v) by creating a new subparagraph (D) is amended to read:

17
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28
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107.

Duties of the registered agent; duties of the entity.

(a)

The registered agent shall:

(v)

Maintain at the registered office, the following information for each domestic entity represented which shall be current within sixty (60) days of any change until the entity's first annual report is accepted for filing with the secretary of state and thereafter when the annual report is due for filing and shall be maintained in a format that can be reasonably produced on demand:

(D)

Names and addresses of each entity's owners including but not limited to partners, members and shareholders except an entity with more than one hundred (100) owners.

Section 2
.

This act is effective July 1, 2024
.

(END)

1
HB0098