Dissolution of limited liability companies-remedies.

Plain English Breakdown

The bill did not pass and was never considered by the full House.

Rules for Dissolving Limited Liability Companies

The bill sets rules about when a limited liability company can be dissolved and what happens if someone tries to dissolve it unfairly.

What This Bill Does

• Adds new rules that say if someone tries to end a limited liability company without good reason, they might have to pay money for the costs of stopping them.
• Says that courts can decide to make unfair applicants pay legal fees and other costs when trying to dissolve a company.

Who It Names or Affects

• Limited liability companies in Wyoming
• People who try to end limited liability companies without good reason

Terms To Know

Dissolution

The process of ending a company or organization.

Bad faith

When someone acts dishonestly or unfairly, not for the right reasons.

Limits and Unknowns

• This bill did not pass and was never considered by the full House.
• The rules only apply to limited liability companies in Wyoming starting July 1, 2026, if it were to become law.

Current Bill Text

26LSO-0424
2026
STATE OF WYOMING
26LSO-0424
Numbered
2.0

HOUSE BILL NO. HB0152

Dissolution of limited liability companies-remedies.

Sponsored by: Representative(s) Strock, Davis and Johnson

A BILL

for

AN ACT relating to limited liability companies; providing attorneys’ fees and costs for bad faith applications for dissolution; and providing for an effective date.

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

Section 1
.

W.S. 17
‑
29
‑
701 by creating a new subsection (c) is amended to read:

17
‑
29
‑
701.

Events causing dissolution.

(c)

In a proceeding brought under paragraph (a)(v) of this section, if the court denies the application and finds that it was made in bad faith, including that the applicant caused or created the facts and circumstances alleged as grounds for dissolution, the court may award damages including reasonable attorneys' fees and costs to the limited liability company or any party defending against the dissolution proceeding.

Section 2.

This act shall apply to proceedings brought under W.S. 17
‑
29
‑
701(a)(v) on or after July 1, 2026.

Section 3
.

This act is effective July 1, 2026
.

(END)

1
HB0152