HB0125

Failed

Business entity forced dissolution for fraud.

Allows the state to dissolve or revoke business entity authority for fraud and specified violations.

Full legal title

AN ACT relating to corporations, partnerships and associations; providing for administrative dissolution of or revocation of certificate of authority for corporations, limited liability companies and statutory foundations as specified; and providing for an effective date.

Business

Sponsor:

Co-sponsors: Representative(s) Guggenmos, Hoeft, McCann, Ottman, Smith, Senator(s) Pearson

View on wyoleg.gov Introduced Text (PDF)Digest (PDF)Fiscal Note (PDF)

What does this bill do?

Adds fraud-related grounds for administrative dissolution or revocation of business entities in Wyoming, including provisions for entities with board members convicted of or found civilly liable for fraud.

Adds a ground for administrative dissolution of domestic corporations when a board member has been convicted of or found civilly liable for any act constituting fraud against another person under United States or Wyoming law. (W.S. 17-16-1420(a)(vi)(F))
Adds a ground for revocation of foreign corporations' certificates of authority when a board member has been convicted of or found civilly liable for any act constituting fraud against another person under United States or Wyoming law. (W.S. 17-16-1530(a)(viii)(E))
Adds a ground for administrative dissolution of non-profit corporations when a board member has been convicted of or found civilly liable for any act constituting fraud against another person under United States or Wyoming law. (W.S. 17-19-1420(a)(v)(E))
Adds a ground for revocation of foreign non-profit corporations' certificates of authority when a board member has been convicted of or found civilly liable for any act constituting fraud against another person under United States or Wyoming law. (W.S. 17-19-1530(a)(vii)(E))
Adds a ground for administrative forfeiture of limited liability company authority and articles of organization when the company or its members have been convicted of or found civilly liable for any act constituting fraud against another person under United States or Wyoming law. (W.S. 17-29-705(c)(iii)(F))
Adds a ground for administrative forfeiture of statutory foundation authority and articles of formation when the foundation, its founder, or any authorized representative has been convicted of or found civilly liable for any act constituting fraud against another person under United States or Wyoming law. (W.S. 17-30-904(h)(iii)(F))

Effective: July 1, 2026

AI-generated summary · Verify against the official text (PDF) ·

Actions (3)

2/10/2026(House)

H Failed Introduction 33-28-1-0-0

2/9/2026(House)

H Received for Introduction

2/9/2026(LSO)

Bill Number Assigned

Roll Call Votes (1)

H Failed Introduction 33-28-1-0-0

Failed

Show individual votes

Yea: Allemand, Andrew, Angelos, Bear, Brady, Banks, G. Brown, K. Campbell, Geringer, Guggenmos, Haroldson, Heiner, Hoeft, Johnson, Knapp, Locke, Lucas, Lien, McCann, Ottman, Pendergraft, Rodriguez-Williams, Singh, Smith, Strock, Styvar, Tarver, Wasserburger, Webb, Webber, Wharff, Winter, Neiman

Nay: Bratten, L. Brown, E. Campbell, Byron, Chestek, Clouston, Davis, Connolly, Erickson, Filer, Fornstrom, Harshman, Jarvis, L. Larsen, JT. Larson, Lawley, Nicholas, Posey, Provenza, Riggins, Schmid, Sherwood, Storer, Washut, Thayer, Williams, Wylie, Yin

Excused: Kelly