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, as indicated by the secretary of state's endorsement. The previous language that specified the effective date as "on the date it is filed" has been deleted, streamlining the process for determining when documents take effect.

Additionally, the bill introduces a new provision that references W.S. 17-19-124(c) in relation to the effective date of documents. The changes aim to provide clearer guidelines for the timing of document effectiveness for corporations and trusts, ensuring that all parties are aware of when their filings are officially recognized. The act is set to take effect on July 1, 2025.

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