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32 chapters · 1,021 sections in this title.
W.S. § 17-30-402 Protection from founder's successors
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Protection from founder's successors. (a) The heirs, spouse or creditors of a founder shall not: (i) Amend or restate the articles of formation of a statutory foundation; (ii) Amend the purpose of a statutory foundation, if any; (iii) Terminate the statutory foundation.
W.S. § 17-30-501 Board of directors
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Board of directors. (a) A statutory foundation shall maintain a board of directors. (b) Unless the articles of formation or operating agreement of a statutory foundation provide otherwise: (i) The board of directors of the foundation shall have the authority to exercise all power…
W.S. § 17-30-502 Liability of directors
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Liability of directors. A director is not personally liable for the acts, omissions, obligations, debts or other liabilities of a statutory foundation, whether arising in contract, tort or otherwise.
W.S. § 17-30-503 Protector
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Protector. (a) If a statutory foundation has a charitable purpose, the foundation shall maintain a protector in relation to that purpose. (b) If a statutory foundation has any purpose permitted under this act other than a charitable purpose, then the foundation may have a protect…