17-30-102. Definitions. (a) As used in this act: (i) 'Articles of formation' means the articles required by W.S. 17-30-303, including any amendments thereto and restatements thereof; (ii) 'Beneficiary' means a person who is or may be designated as a beneficiary in the operating agreement or in accordance with the operating agreement of a statutory foundation. A 'beneficiary' may be any one (1) or more of the following: (A) A person who has a present or future, vested or contingent interest in the statutory foundation; (B) If permitted under the terms in the operating agreement, a person designated as a beneficiary of the statutory foundation by the board of directors, at the discretion of the board of directors; (C) Repealed by Laws 2021, ch. 98, 2. (iii) 'Certificate of existence' means the certificate issued to a statutory foundation under W.S. 17-30-308; (iv) 'Certificate of registration' means the certificate of registration of a foreign foundation required under W.S. 17-30-1101; (v) 'Charitable purpose' means the relief of poverty, the advancement of education or religion, the promotion of a health, governmental, municipal or other purpose, the achievement of which is -1101; (v) 'Charitable purpose' means the relief of poverty, the advancement of education or religion, the promotion of a health, governmental, municipal or other purpose, the achievement of which is beneficial to the community; (vi) 'Contributor' means any person, excluding a founder, who contributes property to a statutory foundation; (vii) 'Court' means the district court of the county where a statutory foundation has its registered office or another court of competent jurisdiction which is the most appropriate forum in the circumstances; (viii) 'Financial institution' means a bank, savings and loan association or state chartered credit union; (ix) 'Foreign foundation' means an entity formed under the law of a foreign jurisdiction as a statutory foundation, pursuant to the law of the foreign jurisdiction, or which appears to the secretary of state to possess characteristics sufficiently similar to those of a statutory foundation organized under this act; (x) 'Founder' or 'organizer' means one (1) or more persons that acts under W.S. 17-30-303 to form a statutory foundation. The organizer acts on behalf of the founder in forming the statutory foundation and may but not need be r' means one (1) or more persons that acts under W.S. 17-30-303 to form a statutory foundation. The organizer acts on behalf of the founder in forming the statutory foundation and may but not need be one (1) of the founders; (xi) 'Insolvency law' means title 11, United States Code or successor federal statutes of general application; (xii) 'Operating agreement' means the written agreement, whether or not designated as an operating agreement, of a founder or board of directors of a statutory foundation concerning the matters described in W.S. 17-30-309, including any amendments thereto and restatements thereof; (xiii) 'Person' means as defined in W.S. 8-1-102(a)(vi); (xiv) Repealed by Laws 2021, ch. 98, 2. (xv) 'Principal office' means the principal executive office of a statutory foundation or a foreign foundation, whether or not the office is located in this state; (xvi) 'Protector' means the person designated as a protector of a statutory foundation under W.S. 17-30-503; (xvii) 'Record' means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form; (xviii) 'Registered agent' means a person 'Record' means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form; (xviii) 'Registered agent' means a person appointed as a registered agent under W.S. 17-28-101 through 17-28-111; (xix) 'Sign' or 'signature' shall include any manual, facsimile, conformed or electronic signature; (xx) 'State' means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands or any territory or insular possession subject to the jurisdiction of the United States; (xxi) 'Statutory foundation' means an entity formed or continued under this act; (xxii) 'This act' means W.S. 17-30-101 through 17-30-1102.
Wyoming Legal Code