SF 22

This bill would amend the Wyoming Decentralized Unincorporated Nonprofit Association (DUNA) Act by amending, creating, and clarifying definitions, including changing references from "nonprofit association" or "association" to "DUNA". This bill would align language in the DUNA Act with the Wyoming Unincorporated Nonprofit Association (UNA) Act. This bill would authorize DUNAs to automatically convert to UNAs if the membership in the DUNA falls below 100 members, unless otherwise specified in the DUNA's governing principles. This bill would require assets of DUNAs to be distributed according to federal law when winding up the DUNA.