Current through the 2024 Budget Session
Section 17-30-503 - Protector(a) If a statutory foundation has a charitable purpose, the foundation shall maintain a protector in relation to that purpose.(b) If a statutory foundation has any purpose permitted under this act other than a charitable purpose, then the foundation may have a protector in relation to that purpose.(c) Except as otherwise provided by law and by W.S. 17-30501, a founder or other person may be appointed as the protector of a statutory foundation.(d) The operating agreement of a statutory foundation may authorize a protector to approve or disapprove any specified action of the board of directors of the statutory foundation.Amended by Laws 2021 , ch. 98, § 1, eff. 4/5/2021.Added by Laws 2019 , ch. 190, § 1, eff. 7/1/2019.