Upon the occurrence of an event terminating a statutory foundation, including forfeiture under this section, the board of directors shall proceed expeditiously to distribute the property of the foundation as provided in the articles of formation or the operating agreement of the foundation.
Wyo. Stat. Ann. § 17-30-906
Distribution upon termination
Known as the Wyoming Statutory Foundation Act
The act spans §§ 17-30-1001 to 17-30-906 (46 sections).
Official source: Wyoming Legislature. Reproduced from public-domain Wyoming statutes; confirm against the official source for the current text. Not legal advice.