§ 17-30-102 — Definitions

(a) As used in this act:
(i) "Articles of formation" means the articles
required by W.S. 17-30-303, including any amendments thereto and
restatements thereof;
(ii) "Beneficiary" means a person who is or may be
designated as a beneficiary in the operating agreement or in
accordance with the operating agreement of a statutory
foundation. A "beneficiary" may be any one (1) or more of the
following:
(A) A person who has a present or future, vested
or contingent interest in the statutory foundation;
(B) If permitted under the terms in the
operating agreement, a person designated as a beneficiary of the
statutory foundation by the board of directors, at the
discretion of the board of directors;
(C) Repealed by Laws 2021, ch. 98, § 2.
(iii) "Certificate of existence" means the
certificate issued to a statutory foundation under W.S. 17-30-
308;
(iv) "Certificate of registration" means the
certificate of registration of a foreign foundation required
under W.S. 17-30-1101;
(v) "Charitable purpose" means the relief of poverty,
the advancement of education or religion, the promotion of a
health, governmental, municipal or other purpose, the
achievement of which is beneficial to the community;
(vi) "Contributor" means any person, excluding a
founder, who contributes property to a statutory foundation;
(vii) "Court" means the district court of the county
where a statutory foundation has its registered office or
another court of competent jurisdiction which is the most
appropriate forum in the circumstances;
(viii) "Financial institution" means a bank, savings
and loan association or state chartered credit union;
(ix) "Foreign foundation" means an entity formed
under the law of a foreign jurisdiction as a statutory
foundation, pursuant to the law of the foreign jurisdiction, or
which appears to the secretary of state to possess
characteristics sufficiently similar to those of a statutory
foundation organized under this act;
(x) "Founder" or "organizer" means one (1) or more
persons that acts under W.S. 17-30-303 to form a statutory
foundation. The organizer acts on behalf of the founder in
forming the statutory foundation and may but not need be one (1)
of the founders;
(xi) "Insolvency law" means title 11, United States
Code or successor federal statutes of general application;
(xii) "Operating agreement" means the written
agreement, whether or not designated as an operating agreement,
of a founder or board of directors of a statutory foundation
concerning the matters described in W.S. 17-30-309, including
any amendments thereto and restatements thereof;
(xiii) "Person" means as defined in W.S. 8-1-
102(a)(vi);
(xiv) Repealed by Laws 2021, ch. 98, § 2.
(xv) "Principal office" means the principal executive
office of a statutory foundation or a foreign foundation,
whether or not the office is located in this state;
(xvi) "Protector" means the person designated as a
protector of a statutory foundation under W.S. 17-30-503;
(xvii) "Record" means information that is inscribed
on a tangible medium or that is stored in an electronic or other
medium and is retrievable in perceivable form;
(xviii) "Registered agent" means a person appointed
as a registered agent under W.S. 17-28-101 through 17-28-111;
(xix) "Sign" or "signature" shall include any manual,
facsimile, conformed or electronic signature;
(xx) "State" means a state of the United States, the
District of Columbia, Puerto Rico, the United States Virgin
Islands or any territory or insular possession subject to the
jurisdiction of the United States;
(xxi) "Statutory foundation" means an entity formed
or continued under this act;
(xxii) "This act" means W.S. 17-30-101 through 17-30-
1102.