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A Statutory Foundation is typically used in asset holding structures to hold shares, LLC interests, beneficial ownership of the underlying assets. In a trust context, the Statutory Foundation can act as a trustee, hold trust powers of a Protector, be the beneficiary of a trust or a beneficiary of another Statutory Foundation.
An anonymous limited liability company is an LLC for which ownership information is not made publicly available by the state. [45] [46] Anonymity is possible in states that do not require the public disclosure of legal ownership of an LLC, or where an LLC's identified legal owners are another anonymous company. [46]
Wyoming's legislature passed a statute in 2019 creating the Wyoming Chancery Court, which was signed into law the same year. [1] [2] [3] Unlike a traditional chancery court, which is a court of equity, Wyoming's new chancery court was given jurisdiction over purely monetary disputes (with more than $50,000 at issue) as well as actions in equity, with a limited subject matter jurisdiction ...
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President Joe Biden issued an order on Monday forcing a Chinese-backed cryptocurrency mining company to sell land near a Wyoming nuclear missile base, citing national security concerns.. The ...
(i) Restricts the right to transfer its shares; (ii) Limits the number of its members to fifty; and; (iii) Prohibits any invitation to the public to subscribe for shares or debentures of the company. A private limited company is required to use the words "(Private) Limited" as the last words of its name. Company Limited By Guarantee
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The mineral extraction industry, including oil and gas, is the main driver of the Wyoming economy, accounting for more than three-fifths of the state's revenues. [ 1 ] [ 2 ] Travel and tourism is the second-largest sector in the state, providing $3.3 billion to the state's economy, with $170 million in tax revenues in 2015, along with 32,000 ...
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