Wyoming Statutes
§ 17-32-117 — Duties of members
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 32 WYOMING DECENTRALIZED UNINCORPORATED NONPROFIT
(a)Unless otherwise provided for in the governing
principles, a member shall not have any fiduciary duty to a
decentralized unincorporated nonprofit association or to any
other member of the nonprofit association solely by reason of
being a member.
(b)All members shall be subject to the implied
contractual covenant of good faith and fair dealing.
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Nearby Sections
15
§ 17-32-101
Short title§ 17-32-102
Definitions§ 17-32-103
Governing law; territorial application§ 17-32-104
Profits; prohibitions on distributions and
dividends; compensation and other permitted payments§ 17-32-106
Statement of authority as to real property§ 17-32-107
Liability in tort or contract§ 17-32-108
Capacity to assert and defend; standing§ 17-32-109
Effect of judgement or order§ 17-32-111
Summons and complaint; service on whom§ 17-32-113
Venue§ 17-32-116
Member resignation