Wyoming Statutes
§ 17-30-901 — Termination
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 30 WYOMING STATUTORY FOUNDATION ACT·Art. 9 TERMINATION
(a)A statutory foundation may be terminated, and its
activities wound up, upon the occurrence of any of the
following:
(i)An event or circumstance provided in the
operating agreement or articles of formation of the foundation
that results in or authorizes termination;
(ii)Upon consent of all adult beneficiaries, the
founder and the protector, if any, agree to terminate the
statutory foundation, provided that this consent is only valid
to the extent that termination is not inconsistent with a
material purpose of the statutory foundation;
(iii)Upon a finding of a court that the purpose of
the statutory foundation can no longer be achieved.
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Nearby Sections
15
§ 17-30-1001
Role of court in administration§ 17-30-1002
Power of court to give directions§ 17-30-1003
Sealing and availability of documents§ 17-30-101
Short title§ 17-30-102
Definitions§ 17-30-103
Governing law§ 17-30-104
Supplemental principles of law§ 17-30-105
Electronic records and signatures§ 17-30-106
Powers of secretary of state§ 17-30-1101
Continuance§ 17-30-202
Enforcement of charitable purposes§ 17-30-203
Powers of a statutory foundation§ 17-30-204
Property contribution