Title 17 — Title 17 — Corporations, Partnerships And Associations
32 chapters · 1,419 sections in this title.
W.S. § 17-31-101 Short title
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Short title. This chapter shall be known and may be cited as the "Wyoming Decentralized Autonomous Organization Supplement."
W.S. § 17-31-102 (a) Definitions
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(a) Definitions. As used in this chapter: (i) 106(g)(i); "Blockchain" means as defined in W.S. 34-29- (ii) "Decentralized autonomous organization" means a limited liability company organized under this chapter; (iii) 101(a)(i); "Digital asset" means as defined in W.S. 34-29- (iv)…
W.S. § 17-31-103 Company Act
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Company Act. Application of Wyoming Limited Liability (a) The Wyoming Limited Liability Company Act applies to decentralized autonomous organizations to the extent not inconsistent with the provisions of this chapter, and the powers provided to the secretary of state by W.S. 17-2…
W.S. § 17-31-104 Definition and election of decentralized autonomous organization status
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Definition and election of decentralized autonomous organization status. (a) A decentralized autonomous organization is a limited liability company whose articles of organization contain a statement that the company is a decentralized autonomous organization as described in subse…
W.S. § 17-31-105 Formation
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Formation. (a) Any person may form a decentralized autonomous organization which shall have one (1) or more members by signing and delivering one (1) original and one (1) exact or conformed copy of the articles of organization to the secretary of state for filing. The person form…
W.S. § 17-31-106 Articles of organization
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Articles of organization. (a) The articles of organization of a decentralized autonomous organization shall include a statement that the organization is a decentralized autonomous organization, pursuant to W.S. 17-31-104, and shall set forth the matters required by W.S. 17-29-201…
W.S. § 17-31-107 organization
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organization. (a) Amendment or restatement of articles of Articles of organization shall be amended when: (i) There is a change in the name of the decentralized autonomous organization; (ii) There is a false or erroneous statement in the articles of organization; (iii) The decent…
W.S. § 17-31-108 The publicly available identifier has changed
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The publicly available identifier has changed. Operating agreement. To the extent the articles of organization or smart contract do not otherwise provide for a matter described in W.S. 17-31-106, the obligations, rights and duties of the members and operation of a decentralized a…
W.S. § 17-31-109 Management
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Management. Management of a decentralized autonomous organization shall be vested in its members or the members and any applicable smart contracts. All smart contracts utilized by a decentralized autonomous organization shall be capable of being updated, modified or otherwise upg…
W.S. § 17-31-110 Standards of conduct for members
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Standards of conduct for members. Unless otherwise provided for in the articles of organization or operating agreement, no member of a decentralized autonomous organization shall have any fiduciary duty to the organization or any member except that the members shall be subject to…
W.S. § 17-31-111 Membership interests for decentralized autonomous organizations; voting
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Membership interests for decentralized autonomous organizations; voting. (a) For purposes of W.S. 17-31-113 and 17-31-114 and unless otherwise provided for in the articles of organization, smart contract or operating agreement: (i) Membership interests in a decentralized autonomo…
W.S. § 17-31-112 information
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information. Repealed by Laws 2022, ch. 36, § 2. Right of members and dissociated members to To the extent the information is available on an open blockchain, members and dissociated members shall have no right under W.S. 17-29-410 to separately inspect or copy records of a decen…
W.S. § 17-31-113 (b) As soon as possible following the occurrence of any of the events specified in subsection (a) of this section causing the dissolution of a decentralized autonomous organization, the organization s
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(b) As soon as possible following the occurrence of any of the events specified in subsection (a) of this section causing the dissolution of a decentralized autonomous organization, the organization shall execute a statement of intent to dissolve in the form prescribed by the sec…
W.S. § 17-31-114 Dissolution
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Dissolution. (a) A decentralized autonomous organization organized under this chapter shall be dissolved upon the occurrence of any of the following events: (i) The period fixed for the duration of the organization expires; (ii) By vote of the majority of the members of a decentr…
W.S. § 17-31-115 Miscellaneous
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Miscellaneous. The articles of organization and the operating agreement of a decentralized autonomous organization are effective as statements of authority. Where the underlying articles of organization and operating agreement are in conflict, the articles of organization shall p…
W.S. § 17-31-116 Foreign decentralized autonomous organization
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Foreign decentralized autonomous organization. The secretary of state shall not issue a certificate of authority for a foreign decentralized autonomous organization.