17-30-102. Definitions.

(a) As used in this act:

(i) "Articles of formation" means the articles required by W.S. 17-30-303, including any amendments thereto and restatements thereof;

(ii) "Beneficiary" means a person designated as a beneficiary in the operating agreement of a statutory foundation, which may be any of the following:

(A) A person who has a present or future, vested or contingent, beneficial interest in the statutory foundation;

(B) If permitted under the terms in the operating agreement, a person designated as a beneficiary of the statutory foundation by the board of directors, at the discretion of the board of directors;

(C) A charitable organization, as defined in paragraph (v) of this subsection.

(iii) "Certificate of existence" means the certificate issued to a statutory foundation under W.S. 17-30-308;

(iv) "Certificate of registration" means the certificate of registration of a foreign foundation required under W.S. 17-30-1101;

(v) "Charitable purpose" means the relief of poverty, the advancement of education or religion, the promotion of a health, governmental or municipal purpose or the achievement of other purposes which are beneficial to the community;

(vi) "Contributor" means any person, excluding a founder, who contributes property to a statutory foundation;

(vii) "Court" means the district court of the county where a statutory foundation has its registered office or another court of competent jurisdiction which is the most appropriate forum in the circumstances;

(viii) "Financial institution" means as defined in W.S. 13-1-101(a)(ix);

(ix) "Foreign foundation" means an entity formed under the law of a foreign jurisdiction as a statutory foundation, pursuant to the law of the foreign jurisdiction, or which appears to the secretary of state to possess characteristics sufficiently similar to those of a statutory foundation organized under this act;

(x) "Founder" or "organizer" means one (1) or more persons that acts under W.S. 17-30-303 to form a statutory foundation;

(xi) "Insolvency law" means title 11, United States Code or successor federal statutes of general application;

(xii) "Operating agreement" means the written agreement, whether or not designated as an operating agreement, of a founder of a statutory foundation concerning the matters described in W.S. 17-30-309, including any amendments thereto and restatements thereof;

(xiii) "Person" means as defined in W.S. 8-1-102(a)(vi);

(xiv) "Power" shall include discretion as to the way in which an act may be performed;

(xv) "Principal office" means the principal executive office of a statutory foundation or a foreign foundation, whether or not the office is located in this state;

(xvi) "Protector" means the person designated as a protector of a statutory foundation under W.S. 17-30-503;

(xvii) "Record" means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form;

(xviii) "Registered agent" means a person appointed as a registered agent under W.S. 17-28-101 through 17-28-111;

(xix) "Sign" or "signature" shall include any manual, facsimile, conformed or electronic signature;

(xx) "State" means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands or any territory or insular possession subject to the jurisdiction of the United States;

(xxi) "Statutory foundation" means an entity formed or continued under this act;

(xxii) "This act" means W.S. 17-30-101 through 17-30-1102.