§ 17-30-303 — Formation of statutory foundation; articles of formation

(a) One (1) or more persons may act as an organizer to
form a statutory foundation by signing and delivering articles
of formation to the secretary of state. Articles of formation
shall be accompanied by a written consent of appointment signed
by a registered agent.
(b) Articles of formation shall state:
(i) The name of the statutory foundation, which shall
comply with W.S. 17-30-301; and
(ii) The street address of the statutory foundation's
initial registered office and the name of its initial registered
agent at that office.
(c) Articles of formation may state:
(i) The names and addresses of the individuals who
are to serve as the initial directors;
(ii) The name and address of the individual who is to
serve as the initial protector;
(iii) Other provisions not inconsistent with law,
which may include:
(A) The purpose for which the statutory
foundation is organized;
(B) An express statement that the purpose of the
statutory foundation "may be amended", "may be restated" or
words of similar import, pursuant to W.S. 17-30-201(f);
(C) A statement of the duration of the statutory
foundation;
(D) Any provision under this act that is
required or permitted to be stated in the operating agreement.
(d) A statutory foundation is formed when the articles of
formation become effective. The filing of articles of formation
by the secretary of state is conclusive proof that the organizer
has satisfied all conditions required for the formation of a
statutory foundation, except in a civil action commenced by the
state of Wyoming to terminate a statutory foundation. In that
case, a court may require other additional evidence as it
determines appropriate.
(e) The articles of formation may be amended or restated
only if the articles of formation include an express statement
authorizing the amendment or restatement of the articles of
formation.