Wyoming § 17-32-122 Consensus formation algorithms and governance
process

Wyoming Statutes

§ 17-32-122 — Consensus formation algorithms and governance process

Wyoming § 17-32-122

Title 17Corporations, Partnerships and Associations

Ch. 32WYOMING DECENTRALIZED UNINCORPORATED NONPROFIT

This text of Wyoming § 17-32-122 (Consensus formation algorithms and governance process) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 17-32-122 (2026).

Text

(a)In accordance with its governing principles, a decentralized unincorporated nonprofit association may:

(i)Adopt any reasonable algorithmic means for establishing consensus for the validation of records, as well as for establishing requirements, processes and procedures for conducting operations or making organizational decisions with respect to the distributed ledger technology used by the decentralized unincorporated nonprofit association; and

(ii)In accordance with any procedure specified pursuant to W.S. 17-32-121, modify the consensus mechanism, as well as the requirements, processes and procedures or substitute a new consensus mechanism, requirements, processes or procedures that comply with this state's law and the governing principles of the nonprofit association.

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(a) In accordance with its governing principles, a
decentralized unincorporated nonprofit association may:
(i) Adopt any reasonable algorithmic means for
establishing consensus for the validation of records, as well as
for establishing requirements, processes and procedures for
conducting operations or making organizational decisions with
respect to the distributed ledger technology used by the
decentralized unincorporated nonprofit association; and
(ii) In accordance with any procedure specified
pursuant to W.S. 17-32-121, modify the consensus mechanism, as
well as the requirements, processes and procedures or substitute
a new consensus mechanism, requirements, processes or procedures
that comply with this state's law and the governing principles
of the nonprofit association.