{"data":{"id":"us-wy/wyo.-stat.-17-19-1807","jurisdiction":"us-wy","citation":"Wyo. Stat. § 17-19-1807","heading":"Transition of mutual benefit corporations to for profit status.","body":"(a) Any corporation organized under this chapter which is a mutual benefit corporation may become a corporation organized under the Wyoming Business Corporation Act by filing amended articles of incorporation complying with the Wyoming Business Corporation Act, providing that the corporation shall become a for profit corporation upon filing the amended articles or on a specific date set in the articles if:\n(i) The members are entitled to reasonable notice of the impending change;\n(ii) Any members dissenting from the change are entitled to the benefits dissenting shareholders would be entitled to under W.S. 17-16-1320 through 17-16-1331 in proportion to the members' rights to assets in the event of dissolution of the corporation;\n(iii) The transition to for profit status shall not impair the obligation or liability of the corporation to others existing at the time of the transition of the corporation; and\n(iv) The corporation is not a cooperative utility pursuant to the Wyoming Cooperative Utilities Act.","path":["TITLE 17 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 19 - WYOMING NONPROFIT CORPORATION ACT","ARTICLE 18 - TRANSITION PROVISIONS"],"source_url":"https://wyoleg.gov/statutes/compress/title17.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:32Z","sha256":"8f2eb24eb228df649757f366e52a63703e6087cd425428df0801fbcf81eaff0c","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-17-19-1806","next":"us-wy/wyo.-stat.-17-20-101"},"notice":"GroundRules: Original legal text. Not legal advice."}