Communities
Eric Geringswald
Post Controls
Eric Geringswald Posted on : Insider Community

Wyoming establishes new chancery court to resolve business disputes

Topics:

Wyoming’s legislature voted this spring to create a chancery court designed to specialize in the expeditious resolution of business disputes in 15 areas of business/commercial litigation causes of action.

The new law authorizes the appointment of up to three chancery court judges with state-wide jurisdiction. The chancery court will operate under the supervision of the Wyoming Supreme Court, which is charged with establishing rules and regulations for the new court by January 1, 2020. For the initial start-up, the Supreme Court will assign active or retired district court judges or retired justices to sit as chancery court judges. Starting in 2022, positions shall be appointed by the Governor after the judicial nominating commission nominates three candidates.

This new law, along with other legislative changes made during Wyoming’s 65 legislative session, are captured in CSC®Publishing’s newest addition to its jurisdiction library: Wyoming Laws Governing Business Entities Annotated.

Wyoming has become an increasingly popular jurisdiction for entity formation due to its low filing fees and taxes. This comprehensive resource provides business attorneys working with Wyoming entities with up-to-date annotated business entity legislation for Wyoming, as well as other valuable features that make legal research faster and more efficient.

This inaugural 2019 edition features the full text of Title 17—Corporations, Partnerships and Associations from the Wyoming Statutes, updated through the 2019 legislative session. Related sections covering trade name registration and civil actions are also included, as well as selected chapters from the Uniform Commercial Code regarding investment securities and secured transactions. The book is fully annotated with the latest case notes from state and federal courts interpreting the law.

Analysis of select 2019 legislative changes includes the creation of the chancery court of Wyoming, as well as an amendment that allows a business entity to issue stock certificates in the form of electronic certificate tokens, and a new act that establishes the legal nature of digital assets within existing law

The companion CD-ROM provides nearly 80 Wyoming forms for incorporation/formation, qualification, mergers, dissolution, and name reservation for all entity types. A listing of forms and contact information for Wyoming’s Division of Corporations and Commercial Code, can be found in the book’s appendix. There is also an easy-to-reference Fee Table showing the Secretary of State’s required filing fees for various business services.

The book’s expansive index, sequential pagination, and page tabs make finding the information quicker and easier, while larger pages and a clean typeface enhance readability.

As with CSC’s other annotated statutory collections, Wyoming Laws Governing Business Entities is also available as an e-book and is part of the LexisNexis Digital Library.