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2019 Wyoming Statutes
Title 17 - Corporations, Partnerships and Associations
Chapter 30 - Wyoming Statutory Foundation Act
Article 9 - Termination
Section 17-30-901 - Termination.
Universal Citation: WY Stat § 17-30-901 (2019)
17-30-901. 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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