Wyoming 2025 Regular Session

Wyoming House Bill HB0069 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	ORIGINAL HOUSE
2		-	BILL NO. HB0069
3		-	ENROLLED ACT NO. 9, HOUSE OF REPRESENTATIVES
4		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
5		-	2025 GENERAL SESSION
	1	+	2025
	2	+	STATE OF WYOMING
	3	+	25LSO-01161HB0069
	4	+	HOUSE BILL NO. HB0069
	5	+	Foreign adversary ownership or control of business
	6	+	entities.
	7	+	Sponsored by: Joint Corporations, Elections & Political
	8	+	Subdivisions Interim Committee
	9	+	A BILL
	10	+	for
	11	+	1 AN ACT relating to corporations, partnerships and
	12	+	2 associations; amending the grounds for administrative
	13	+	3 dissolution, revocation and forfeiture to include foreign
	14	+	4 adversary ownership or control as specified; and providing
	15	+	5 for an effective date.
	16	+	6
	17	+	7
	18	+	8
	19	+	9. W.S. 17-16-1420(a)(vi)(B), (C) and by
	20	+	10 creating a new subparagraph (D), 17-16-1530(a)(viii)(A),
	21	+	11 (B) and by creating a new subparagraph (C),
	22	+	12 17-19-1420(a)(v)(A), (B) and by creating a new subparagraph
	23	+	13 (C), 17-19-1530(a)(vii)(A), (B) and by creating a new
	24	+	14 subparagraph (C), 17-29-705(c)(iii)(B), (C) and by creating 2025STATE OF WYOMING25LSO-01162HB0069
	25	+	1 a new subparagraph (D) and 17-30-904(h)(iii)(C) and by
	26	+	2 creating a new subparagraph (D) are amended to read:
	27	+	3
	28	+	4
	29	+	5
	30	+	6 (a) The secretary of state may commence a proceeding
	31	+	7 under W.S. 17-16-1421 to administratively dissolve a
	32	+	8 corporation if any of the following has occurred:
	33	+	9
	34	+	10 (vi) It is in the public interest and the
	35	+	11 corporation:
	36	+	12
	37	+	13 (B) Has provided fraudulent information or
	38	+	14 has failed to correct false information upon request of the
	39	+	15 secretary of state on any filing under this act with the
	40	+	16 secretary of state; or
	41	+	17
	42	+	18 (C) Cannot be served by either the
	43	+	19 secretary of state or the registered agent at its address
	44	+	20 provided pursuant to W.S. 17-28-107;or
	45	+	21
	46	+	22
	47	+	23 2025STATE OF WYOMING25LSO-01163HB0069
6	48		1
7		-	AN ACT relating to corporations, partnerships and
8		-	associations; amending the grounds for administrative
9		-	dissolution, revocation and forfeiture to include foreign
10		-	adversary ownership or control as specified; and providing
11		-	for an effective date.
12		-	Be It Enacted by the Legislature of the State of Wyoming:
13		-	Section 1. W.S. 17-16-1420(a)(vi)(B), (C) and by
14		-	creating a new subparagraph (D), 17-16-1530(a)(viii)(A),
15		-	(B) and by creating a new subparagraph (C),
16		-	17-19-1420(a)(v)(A), (B) and by creating a new subparagraph
17		-	(C), 17-19-1530(a)(vii)(A), (B) and by creating a new
18		-	subparagraph (C), 17-29-705(c)(iii)(B), (C) and by creating
19		-	a new subparagraph (D) and 17-30-904(h)(iii)(C) and by
20		-	creating a new subparagraph (D) are amended to read:
21		-	17-16-1420. Grounds for administrative dissolution.
22		-	(a) The secretary of state may commence a proceeding
23		-	under W.S. 17-16-1421 to administratively dissolve a
24		-	corporation if any of the following has occurred:
25		-	(vi) It is in the public interest and the
26		-	corporation:
27		-	(B) Has provided fraudulent information or
28		-	has failed to correct false information upon request of the
29		-	secretary of state on any filing under this act with the
30		-	secretary of state; or
31		-	(C) Cannot be served by either the
32		-	secretary of state or the registered agent at its address
33		-	provided pursuant to W.S. 17-28-107;. ORIGINAL HOUSE
34		-	BILL NO. HB0069
35		-	ENROLLED ACT NO. 9, HOUSE OF REPRESENTATIVES
36		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
37		-	2025 GENERAL SESSION
38		-	2 (D) Is owned or controlled by a foreign
39		-	government or foreign nongovernment person determined to be
40		-	a foreign adversary by the United States secretary of
41		-	commerce and specified in 15 C.F.R. 791.4(a) or a successor
42		-	regulation, except if the ownership or control has been
43		-	approved by the committee on foreign investment in the
44		-	United States.
45		-	17-16-1530. Grounds for revocation.
46		-	(a) The secretary of state may commence a proceeding
47		-	under W.S. 17-16-1531 to revoke the certificate of
48		-	authority of a foreign corporation authorized to transact
49		-	business in this state if:
50		-	(viii) It is in the public interest and the
51		-	corporation:
52		-	(A) Has provided fraudulent information or
53		-	has failed to correct false information upon request of the
54		-	secretary of state on any filing under this act with the
55		-	secretary of state; or
56		-	(B) Cannot be served either by the
57		-	registered agent or by mail or electronically by the
58		-	secretary of state acting as the agent for process;. or
59		-	(C) Is owned or controlled by a foreign
60		-	government or foreign nongovernment person determined to be
61		-	a foreign adversary by the United States secretary of
62		-	commerce and specified in 15 C.F.R. 791.4(a) or a successor
63		-	regulation, except if the ownership or control has been
64		-	approved by the committee on foreign investment in the
65		-	United States. ORIGINAL HOUSE
66		-	BILL NO. HB0069
67		-	ENROLLED ACT NO. 9, HOUSE OF REPRESENTATIVES
68		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
69		-	2025 GENERAL SESSION
70		-	317-19-1420. Grounds for administrative dissolution.
71		-	(a) The secretary of state may commence a proceeding
72		-	under W.S. 17-19-1421 to administratively dissolve a
73		-	corporation if any of the following has occurred:
74		-	(v) It is in the public interest and the
75		-	corporation:
76		-	(A) Has provided fraudulent information or
77		-	has failed to correct false information upon request of the
78		-	secretary of state on any filing under this act with the
79		-	secretary of state; or
80		-	(B) Cannot be served by either the
81		-	secretary of state or the registered agent at its address
82		-	provided pursuant to W.S. 17-28-107;.
83		-	(C) Is owned or controlled by a foreign
84		-	government or foreign nongovernment person determined to be
85		-	a foreign adversary by the United States secretary of
86		-	commerce and specified in 15 C.F.R. 791.4(a) or a successor
87		-	regulation, except if the ownership or control has been
88		-	approved by the committee on foreign investment in the
89		-	United States.
90		-	17-19-1530. Grounds for revocation.
91		-	(a) The secretary of state may commence a proceeding
92		-	under W.S. 17-19-1531 to revoke the certificate of
93		-	authority of a foreign corporation authorized to transact
94		-	business in this state if any of the following has
95		-	occurred: ORIGINAL HOUSE
96		-	BILL NO. HB0069
97		-	ENROLLED ACT NO. 9, HOUSE OF REPRESENTATIVES
98		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
99		-	2025 GENERAL SESSION
100		-	4(vii) It is in the public interest and the
101		-	corporation:
102		-	(A) Has provided fraudulent information or
103		-	has failed to correct false information upon request of the
104		-	secretary of state on any filing with the secretary of
105		-	state under this act; or
106		-	(B) Cannot be served either by the
107		-	registered agent or by mail or electronically by the
108		-	secretary of state acting as the agent for process;. or
109		-	(C) Is owned or controlled by a foreign
110		-	government or foreign nongovernment person determined to be
111		-	a foreign adversary by the United States secretary of
112		-	commerce and specified in 15 C.F.R. 791.4(a) or a successor
113		-	regulation, except if the ownership or control has been
114		-	approved by the committee on foreign investment in the
115		-	United States.
116		-	17-29-705. Administrative forfeiture of authority and
117		-	articles of organization.
118		-	(c) A limited liability company shall be deemed to be
119		-	transacting business within this state without authority,
120		-	to have forfeited any franchises, rights or privileges
121		-	acquired under the laws thereof and shall be deemed defunct
122		-	and to have forfeited its articles of organization or
123		-	certificate of authority acquired under the laws of this
124		-	state, and the forfeiture shall be made effective in the
125		-	manner provided in subsection (a) of this section, if:
126		-	(iii) It is in the public interest and the
127		-	limited liability company or any of its members: ORIGINAL HOUSE
128		-	BILL NO. HB0069
129		-	ENROLLED ACT NO. 9, HOUSE OF REPRESENTATIVES
130		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
131		-	2025 GENERAL SESSION
132		-	5 (B) Has provided fraudulent information or
133		-	has failed to correct false information upon request of the
134		-	secretary of state on any filing with the secretary of
135		-	state under this chapter; or
136		-	(C) Cannot be served by either the
137		-	registered agent or by mail or electronically by the
138		-	secretary of state acting as the agent for process;. or
139		-	(D) Is owned or controlled by a foreign
140		-	government or foreign nongovernment person determined to be
141		-	a foreign adversary by the United States secretary of
142		-	commerce and specified in 15 C.F.R. 791.4(a) or a successor
143		-	regulation, except if the ownership or control has been
144		-	approved by the committee on foreign investment in the
145		-	United States.
146		-	17-30-904. Administrative forfeiture of authority and
147		-	articles of formation.
148		-	(h) A statutory foundation shall be deemed to be
149		-	operating within this state without authority, to have
150		-	forfeited any rights or privileges acquired under the laws
151		-	of this state and shall be deemed to have forfeited its
152		-	articles of formation filed in this state if:
153		-	(iii) The public interest is served by
154		-	forfeiture and the statutory foundation, its founder or any
155		-	other person authorized to act on behalf of the statutory
156		-	foundation:
157		-	(C) Cannot be served by either the
158		-	registered agent or by the secretary of state acting as the
159		-	agent for process;. or ORIGINAL HOUSE
160		-	BILL NO. HB0069
161		-	ENROLLED ACT NO. 9, HOUSE OF REPRESENTATIVES
162		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
163		-	2025 GENERAL SESSION
164		-	6 (D) Is owned or controlled by a foreign
165		-	government or foreign nongovernment person determined to be
166		-	a foreign adversary by the United States secretary of
167		-	commerce and specified in 15 C.F.R. 791.4(a) or a successor
168		-	regulation, except if the ownership or control has been
169		-	approved by the committee on foreign investment in the
170		-	United States.
171		-	Section 2. This act is effective July 1, 2025.
172		-	(END)
173		-	Speaker of the HousePresident of the SenateGovernorTIME APPROVED: _________DATE APPROVED: _________
174		-	I hereby certify that this act originated in the House.
175		-	Chief Clerk
	49	+	2
	50	+	3
	51	+	4
	52	+	5
	53	+	6
	54	+	7
	55	+	8
	56	+	9 (a) The secretary of state may commence a proceeding
	57	+	10 under W.S. 17-16-1531 to revoke the certificate of
	58	+	11 authority of a foreign corporation authorized to transact
	59	+	12 business in this state if:
	60	+	13
	61	+	14 (viii) It is in the public interest and the
	62	+	15 corporation:
	63	+	16
	64	+	17 (A) Has provided fraudulent information or
	65	+	18 has failed to correct false information upon request of the
	66	+	19 secretary of state on any filing under this act with the
	67	+	20 secretary of state; or
	68	+	21 2025STATE OF WYOMING25LSO-01164HB00691 (B) Cannot be served either by the
	69	+	2 registered agent or by mail or electronically by the
	70	+	3 secretary of state acting as the agent for process;. or
	71	+	4
	72	+	5
	73	+	6
	74	+	7
	75	+	8
	76	+	9
	77	+	10
	78	+	11
	79	+	12
	80	+	13
	81	+	14
	82	+	15 (a) The secretary of state may commence a proceeding
	83	+	16 under W.S. 17-19-1421 to administratively dissolve a
	84	+	17 corporation if any of the following has occurred:
	85	+	18
	86	+	19 (v) It is in the public interest and the
	87	+	20 corporation:
	88	+	21
	89	+	22 (A) Has provided fraudulent information or
	90	+	23 has failed to correct false information upon request of the 2025STATE OF WYOMING25LSO-01165HB0069
	91	+	1 secretary of state on any filing under this act with the
	92	+	2 secretary of state; or
	93	+	3
	94	+	4 (B) Cannot be served by either the
	95	+	5 secretary of state or the registered agent at its address
	96	+	6 provided pursuant to W.S. 17-28-107;. or
	97	+	7
	98	+	8
	99	+	9
	100	+	10
	101	+	11
	102	+	12
	103	+	13
	104	+	14
	105	+	15
	106	+	16
	107	+	17
	108	+	18 (a) The secretary of state may commence a proceeding
	109	+	19 under W.S. 17-19-1531 to revoke the certificate of
	110	+	20 authority of a foreign corporation authorized to transact
	111	+	21 business in this state if any of the following has
	112	+	22 occurred:
	113	+	23 2025STATE OF WYOMING25LSO-01166HB00691 (vii) It is in the public interest and the
	114	+	2 corporation:
	115	+	3
	116	+	4 (A) Has provided fraudulent information or
	117	+	5 has failed to correct false information upon request of the
	118	+	6 secretary of state on any filing with the secretary of
	119	+	7 state under this act; or
	120	+	8
	121	+	9 (B) Cannot be served either by the
	122	+	10 registered agent or by mail or electronically by the
	123	+	11 secretary of state acting as the agent for process;. or
	124	+	12
	125	+	13
	126	+	14
	127	+	15
	128	+	16
	129	+	17
	130	+	18
	131	+	19
	132	+	20
	133	+	21
	134	+	22
	135	+	23 2025STATE OF WYOMING25LSO-01167HB00691 (c) A limited liability company shall be deemed to be
	136	+	2 transacting business within this state without authority,
	137	+	3 to have forfeited any franchises, rights or privileges
	138	+	4 acquired under the laws thereof and shall be deemed defunct
	139	+	5 and to have forfeited its articles of organization or
	140	+	6 certificate of authority acquired under the laws of this
	141	+	7 state, and the forfeiture shall be made effective in the
	142	+	8 manner provided in subsection (a) of this section, if:
	143	+	9
	144	+	10 (iii) It is in the public interest and the
	145	+	11 limited liability company or any of its members:
	146	+	12
	147	+	13 (B) Has provided fraudulent information or
	148	+	14 has failed to correct false information upon request of the
	149	+	15 secretary of state on any filing with the secretary of
	150	+	16 state under this chapter; or
	151	+	17
	152	+	18 (C) Cannot be served by either the
	153	+	19 registered agent or by mail or electronically by the
	154	+	20 secretary of state acting as the agent for process;. or
	155	+	21
	156	+	22
	157	+	23 2025STATE OF WYOMING25LSO-01168HB0069
	158	+	1
	159	+	2
	160	+	3
	161	+	4
	162	+	5
	163	+	6
	164	+	7
	165	+	8
	166	+	9
	167	+	10 (h) A statutory foundation shall be deemed to be
	168	+	11 operating within this state without authority, to have
	169	+	12 forfeited any rights or privileges acquired under the laws
	170	+	13 of this state and shall be deemed to have forfeited its
	171	+	14 articles of formation filed in this state if:
	172	+	15
	173	+	16 (iii) The public interest is served by
	174	+	17 forfeiture and the statutory foundation, its founder or any
	175	+	18 other person authorized to act on behalf of the statutory
	176	+	19 foundation:
	177	+	20
	178	+	21 (C) Cannot be served by either the
	179	+	22 registered agent or by the secretary of state acting as the
	180	+	23 agent for process;. or 2025STATE OF WYOMING25LSO-01169HB0069
	181	+	1
	182	+	2
	183	+	3
	184	+	4
	185	+	5
	186	+	6
	187	+	7
	188	+	8
	189	+	9
	190	+	10. This act is effective July 1, 2025
	191	+	11
	192	+	12 (END)