Section 17-32-114 - Perpetual existence, dissolution, continuation of existence(a) A decentralized unincorporated nonprofit association shall have perpetual existence unless its governing principles otherwise specify.(b) A decentralized unincorporated nonprofit association may be dissolved by any of the following methods:(i) If the governing principles of the nonprofit association provide a time or method for dissolution, by that method;(ii) If the governing principles of the nonprofit association do not provide a method for dissolution, by approval of its members in accordance with W.S. 17-32-120;(iii) If membership in the nonprofit association falls below one hundred (100) members and the decentralized unincorporated nonprofit association does not meet the requirements of a Wyoming unincorporated nonprofit association under W.S. 17-22-101 through 17-22-115. In the event membership in the nonprofit association falls below one hundred (100) members and the nonprofit association meets the requirements of a Wyoming unincorporated nonprofit association under W.S. 17-22-101 through 17-22-115, the entity automatically converts to a Wyoming unincorporated nonprofit association unless the governing principles otherwise specify another organizational statute and the organization meets the statutory requirements of that organization;(c) After dissolution, a decentralized unincorporated nonprofit association continues in existence until its activities have been wound up and terminated pursuant to W.S. 17-32-126.Added by Laws 2024, ch. 50,§ 1, eff. 7/1/2024.