Wyo. Stat. § 17-30-1002

Current through the 2024 Budget Session
Section 17-30-1002 - Power of court to give directions
(a) Upon application to the court by a founder, protector or statutory foundation, the court may issue a declaratory judgment regarding the following:
(i) The meaning and effect of a provision in the articles of formation or operating agreement of the foundation;
(ii) The administration of the property or purpose of the foundation;
(iii) The function of the board of directors of the foundation;
(iv) Such other matters as determined by the court to be relevant to the statutory foundation and its purpose.
(b) If there is no express power to amend the purpose of a statutory foundation in the articles of formation, then a founder or the protector may apply to a court for an order to amend the purpose stated in the articles of formation in accordance with the probable intent of the founder and subject to the following:
(i) The purpose stated in the articles of formation has been fulfilled;
(ii) The purpose stated in the articles of formation cannot be carried out in accordance with the intent of the founder;
(iii) The purpose stated in the articles of formation provides a use for only part of the property of the foundation;
(iv) The purpose stated in the articles of formation cannot be completed or no longer exists.

W.S. 17-30-1002

Amended by Laws 2021 , ch. 98, § 1, eff. 4/5/2021.
Added by Laws 2019 , ch. 190, § 1, eff. 7/1/2019.