Business entity forced dissolution for fraud.

HB 125 would allow Wyoming's Secretary of State to administratively dissolve or revoke the registration of business entities (like corporations and LLCs) if they commit specific frauds. It targets three scenarios: (1) ownership by a "foreign adversary" (per U.S. Commerce rules) without approval, (2) providing false information to the registered agent, or (3) having a board member convicted of fraud against others. The bill directly affects businesses registered in Wyoming that meet these fraud criteria. The legislation failed its introduction in the Wyoming House on February 11, 2026 (33-28 vote), so it is not currently in effect.