Wyoming law directs nonprofit groups how to distribute assets when closing

When an association dissolves, its members must settle its affairs and distribute its remaining property. This applies to members winding up a dissolved decentralized unincorporated nonprofit association. Members must first follow any other state or federal law that requires the property to go to an organization or person with similar nonprofit purposes. If no such law applies, the association’s governing principles guide distribution. If those principles do not address it, members receive the property based on their membership interests. If neither rule applies, state unclaimed-property law governs. These duties apply during winding up after the association dissolves.

Members and administrators are entitled to electronic records the association keeps, after giving reasonable notice. This applies to members and administrators of a decentralized unincorporated nonprofit association. The records must concern the association’s activities, finances, or other circumstances, and the information must matter to the person’s rights or duties under the association’s governing principles or this act. The association may set reasonable limits on access and use, including confidentiality requirements. A request may be made on reasonable notice.