Wyoming § 17-19-1806 Transition of for profit corporations to
nonprofit status

Wyoming Statutes

§ 17-19-1806 — Transition of for profit corporations to nonprofit status

Wyoming § 17-19-1806

Title 17Corporations, Partnerships and Associations

Ch. 19WYOMING NONPROFIT CORPORATION ACT

Art. 18TRANSITION PROVISIONS

This text of Wyoming § 17-19-1806 (Transition of for profit corporations to nonprofit status) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 17-19-1806 (2026).

Text

(a)Any corporation as defined by W.S. 17-16-140 and incorporated under the Wyoming Business Corporation Act may become a corporation pursuant to this act by filing amended articles of incorporation complying with this act if:

(i)The corporation is or determines to become upon filing the amended articles of incorporation, a public benefit, mutual benefit or religious corporation;

(ii)All shareholders are entitled to the same notice and rights of dissent provided under W.S. 17-16-1320 through 17-16-1331 and notice of any known tax consequences under the Internal Revenue Code;

(iii)All shareholders in a business corporation which is or becomes a mutual benefit corporation shall become members entitled to a number of votes, rights to benefits and unequal obligations for assessments and rig

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Any corporation as defined by W.S. 17-16-140 and
incorporated under the Wyoming Business Corporation Act may
become a corporation pursuant to this act by filing amended
articles of incorporation complying with this act if:
(i) The corporation is or determines to become upon
filing the amended articles of incorporation, a public benefit,
mutual benefit or religious corporation;
(ii) All shareholders are entitled to the same notice
and rights of dissent provided under W.S. 17-16-1320 through
17-16-1331 and notice of any known tax consequences under the
Internal Revenue Code;
(iii) All shareholders in a business corporation
which is or becomes a mutual benefit corporation shall become
members entitled to a number of votes, rights to benefits and
unequal obligations for assessments and rights upon dissolution
in proportion to their number of shares at the time of filing
the amended articles of incorporation, unless the amended
articles of incorporation provide otherwise;
(iv) The transition to nonprofit status shall not
impair any obligations or liabilities to others existing at the
time of the transition.