The bill amends existing laws regarding the effective date of documents filed for nonprofit corporations and statutory trusts in Wyoming. Specifically, it modifies the language in W.S. 17-19-123(a) and W.S. 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 amendments include the insertion of new language that specifies the document is effective upon being accepted for filing under W.S. 17-19-120, and it removes references to the date of filing as evidenced by the secretary of state's endorsement.

Additionally, the bill introduces a new provision that aligns the effective date of these changes with a specific timeline, stating that the act will take effect on July 1, 2025. This change aims to streamline the process for nonprofit corporations and statutory trusts by ensuring that the timing of document effectiveness is clear and consistent.

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