The bill amends existing laws regarding the effective date of documents filed for nonprofit corporations and statutory trusts in Wyoming. Specifically, it modifies W.S. 17-19-123(a) and 17-23-118(a) to clarify that a document accepted for filing is effective at the time it is received for filing, rather than on the date it is filed, as previously stated. The language changes include the insertion of "and W.S. 17-19-124(c)" and "accepted for filing under W.S. 17-19-120," while deleting references to the date of filing as evidenced by the secretary of state's endorsement.

Additionally, the bill establishes that these changes will take effect on July 1, 2025. This update aims to streamline the process for nonprofit corporations and statutory trusts by ensuring that the effective date aligns with the actual receipt of documents, potentially reducing confusion and administrative delays.

Statutes affected:
Introduced: 17-19-123, 17-23-118