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Committee revises and advances changes to unincorporated nonprofit (Doona) statute
Summary
The select committee approved technical amendments to Wyoming’s DUNA law to clarify definitions, add conversion mechanics between UNAs and DUNAs, and to allow filing of statements of authority for real‑property transactions.
The select committee approved a set of technical amendments to Wyoming’s statute for decentralized unincorporated nonprofit associations (DUNAs), clarifying definitions and adding procedural mechanics for how a DUNA and ordinary unincorporated nonprofit associations (UNAs) may interact with real‑property records and with each other. LSO staff told the committee the draft “creates the definition of distributed ledger protocol” and clarifies that a DUNA may automatically convert to a UNA if the DUNA falls below the 100‑member requirement “unless the governing principles specify otherwise.” The draft also authorizes DUNAs and UNAs to file a statement of authority to transfer real property “in the office of the secretary of state,” a practice staff noted the secretary of state currently performs in some cases though county clerks historically handle land recording. Why it matters: Wyoming’s DUNA statute has been used by…
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