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Title 13 Banks, Banking and Finance

Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.

Change 1

What to do with it
As published

13-5-603. Organization of a chartered family trust company.

(a) One (1) or more persons may subscribe to an organizational instrument in writing for the purpose of forming a chartered family trust company, subject to the conditions prescribed by law. (b) The articles of incorporation for a chartered family trust company organized as a corporation shall set forth all of the information required by W.S. 17-16-202 and the following: (i) The corporate name, which shall comply with W.S. 13-5-302 and 17-16-401; (ii) A statement that the articles of incorporation are made to enable the shareholders to avail themselves of the advantages of this chapter; (iii) A statement that the corporation will act as a fiduciary exclusively for one (1) or more family members and will not engage in trust company business with the general public. (c) The articles of organization for a chartered family trust company organized as a limited liability company shall include the following information: (i) The name of the limited liability company, which must comply with W.S. 13-5-302 and 17-29-108; (ii) A statement that the articles of organization are made to enable the members to avail themselves of the advantage of this chapter; (iii) A statement that the limited liability company will act as a fiduciary exclusively for one (1) or more family members and will not engage in trust company business with the general public. (d) Repealed by Laws 2019, Ch. 13, § 5. (e) This section shall not apply to a foreign corporation or foreign limited liability company that is qualified to do business in this state and that applies for a charter under this article.

Your change, as a redline

13-5-603. Organization of a chartered family trust company.

(a) One (1) or more persons may subscribe to an organizational instrument in writing for the purpose of forming a chartered family trust company, subject to the conditions prescribed by law. (b) The articles of incorporation for a chartered family trust company organized as a corporation shall set forth all of the information required by W.S. 17-16-202 and the following: (i) The corporate name, which shall comply with W.S. 13-5-302 and 17-16-401; (ii) A statement that the articles of incorporation are made to enable the shareholders to avail themselves of the advantages of this chapter; (iii) A statement that the corporation will act as a fiduciary exclusively for one (1) or more family members and will not engage in trust company business with the general public. (c) The articles of organization for a chartered family trust company organized as a limited liability company shall include the following information: (i) The name of the limited liability company, which must comply with W.S. 13-5-302 and 17-29-108; (ii) A statement that the articles of organization are made to enable the members to avail themselves of the advantage of this chapter; (iii) A statement that the limited liability company will act as a fiduciary exclusively for one (1) or more family members and will not engage in trust company business with the general public. (d) Repealed by Laws 2019, Ch. 13, § 5. (e) This section shall not apply to a foreign corporation or foreign limited liability company that is qualified to do business in this state and that applies for a charter under this article.

One line that says what changes, such as "Halve the dog tax".

Who it helps, what it costs, what it fixes. It is what persuades people to support it.

A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.

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