Wyoming has two new House Bills

Wyoming House Bill 0070 was signed by the governor on 2/26/2019. This bill authorizes the Secretary of State, not later than December 31, 2021, to develop and implement a block chain based filing system for business entity and commercial filings otherwise required by law to be filed with the Secretary of State, including business entity formations and annual reports, as well as Uniform Commercial Code financing statements.

Wyoming House Bill 0185 was signed by the governor on 2/26/2019. This bill authorizes a business entity, such as a corporation or limited liability company, to issue stock certificates in the form of electronic certificate tokens. “Certificate token” is defined as an electronic representation of a share of stock which contains certain information required under existing law for stock certificates (e.g., the name of the stock recipient and the number and type of shares) and which is entered into a block chain or other secure, auditable database.

Contact Us Today

Have questions or need help? Reach out directly today.

Get In Touch