Wyoming Statutory Foundation Act.

HB 236 creates a new legal entity type called "statutory foundations" in Wyoming, establishing specific rules for their formation, operation, and management. The bill sets out procedures for creating foundations (including required documents), defines roles like "founders" and "beneficiaries," and clarifies liability protections for contributors. It directly affects organizations seeking to form or operate as foundations in Wyoming, as well as foreign foundations wanting to establish operations in the state. Key provisions include standardized governance rules, fee structures for registration, and mechanisms for transferring foundation assets, all designed to provide a clear legal framework for this entity type.