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Wyo. Stat. Ann. § 17-32-120

Approval by members

Known as the Wyoming Decentralized Unincorporated Nonprofit Association Act

The act spans §§ 17-32-101 to 17-32-129 (28 sections).

(a) Except as otherwise provided in the governing principles, a decentralized unincorporated nonprofit association shall have the approval of the majority of membership interests participating in a vote to:

(i) Suspend, dismiss or expel a member;

(ii) Select or dismiss an administrator;

(iii) Adopt, amend or repeal the governing principles;

(iv) Sell, lease, exchange or otherwise dispose of the decentralized unincorporated nonprofit association's property;

(v) Dissolve the decentralized unincorporated nonprofit association under W.S 17-32-114;

(vi) Undertake any other act outside the ordinary course of the decentralized unincorporated nonprofit association's activities;

(vii) Determine the policy and purpose of the decentralized unincorporated nonprofit association.

(b) A decentralized unincorporated nonprofit association shall have the approval of its members in accordance with its governing principles to perform any acts or exercise a right that the governing principles require to be approved by members.

(c) Unless otherwise provided for in the governing principles, membership interest in a decentralized unincorporated nonprofit association shall be calculated in proportion to a member's voting rights within the decentralized unincorporated nonprofit association.

Official source: Wyoming Legislature. Reproduced from public-domain Wyoming statutes; confirm against the official source for the current text. Not legal advice.