§ 17-30-903 — Claims against terminated statutory foundation

Wyoming § 17-30-903

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 30: WYOMING STATUTORY FOUNDATION ACT
• Art. 9: TERMINATION

Text

(a) A terminated statutory foundation may publish notice
of termination and, in the notice, request persons with claims
against the foundation to present them in accordance with the
notice.
(b) The notice authorized by subsection (a) of this
section shall:
(i) Be published at least once in a newspaper of
general circulation in the county of this state in which the
principal office of the terminated statutory foundation was
located or, if the foundation does not have a principal office
in this state, in the county in which the designated office of
the foundation is or was last located;
(ii) Describe the information required to be
contained in a claim and provide a mailing address to which a
claim may be sent; and
(iii) State that a claim against the foundation is
barred one hundred twenty (120) days after the date of first
publication of the notice.
(c) A creditor may file a claim against the assets of a
terminated statutory foundation within the earlier of:
(i) One hundred twenty (120) days after the
termination of the statutory foundation;
(ii) If the terminated statutory foundation publishes
a notice under subsection (a) of this section, one hundred
twenty (120) days after the first publication of a notice
complying with subsection (b) of this section; or
(iii) One hundred twenty (120) days after a known
creditor has been mailed notice, by certified mail return
receipt requested. As part of notice under this paragraph,
notice shall inform a known creditor:
(A) Of the information required to be included
in a claim;
(B) Of the name of the terminated statutory
foundation and the mailing address to which a claim may be sent;
and
(C) Of the deadline for the known creditor to
make a claim, one hundred twenty (120) days after a notice is
mailed by certified mail return receipt requested.
(d) A creditor failing to file a claim within the times
set forth in this section is prohibited from making a claim
against the assets of a terminated statutory foundation.