Assigned Chapter Number 25
Summary
The bill revises Wyoming statutes to define and regulate decentralized unincorporated nonprofit associations, including how they can automatically convert, how members and administrators are treated, and how assets must be handled when the group dissolves. It also shields members from liability for the association’s contracts and torts and limits any profit distribution to further the nonprofit purpose. These changes align state law with blockchain‑based nonprofit structures.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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