Plain English Breakdown
The bill summary text was not provided in official sources, leading to some uncertainty in verifying specific details.
Changing When Nonprofit Documents Take Effect
The bill changes the date when documents for nonprofit corporations and statutory trusts become official from the day they are received to the day they are filed.
What This Bill Does
- Changes the law so that documents for nonprofits and certain trusts take effect on the filing date, not the receipt date.
Who It Names or Affects
- Nonprofit organizations in Wyoming
- Statutory trusts in Wyoming
Terms To Know
- Effective date
- The day when a document or law starts to work officially.
- Secretary of State
- A government official who handles important documents and records for the state.
Limits and Unknowns
- The bill did not pass in its session.
- It does not specify what happens if a document is filed after July 1, 2025.