Current through the 2024 Budget Session
Section 17-32-115 - Admission, suspension, dismissal or expulsion of members(a) A person becomes a member in accordance with the governing principles of the decentralized unincorporated nonprofit association. If there are no applicable governing principles, a person shall be considered a member upon purchase or assumption of ownership of a membership interest or other property or instrument that confers a voting right with the nonprofit association and the person shall continue as a member absent the person's suspension, dismissal or expulsion pursuant to subsection (b) of this section, resignation pursuant to W.S. 17-32-116 or the nonprofit association's dissolution and wind-up pursuant to W.S. 17-32-114 and W.S. 17-32-126.(b) Subject to the governing principles, a member may be suspended, dismissed or expelled from a decentralized unincorporated nonprofit association. If there are no applicable governing principles, a member may be suspended, dismissed or expelled by approval of its members in accordance with W.S. 17-32-120.(c) Unless otherwise provided for in the governing principles, suspension, dismissal or expulsion of a member does not relieve the member of any obligation incurred, or commitment made by the member, before the suspension, dismissal or expulsion.Added by Laws 2024, ch. 50,§ 1, eff. 7/1/2024.