Dissolution of limited liability companies-remedies.

This bill (HB 152) adds a provision to Wyoming law that allows courts to order individuals who file false or malicious applications to dissolve a limited liability company (LLC) to pay the LLC’s legal fees and costs. It specifically targets situations where an applicant "caused or created" the alleged problems to force dissolution, and the court rules the application was filed in bad faith. The law would apply to dissolution proceedings filed on or after July 1, 2026, directly affecting LLCs and members defending against such frivolous claims. It aims to discourage abusive legal tactics by making bad-faith applicants financially responsible for the LLC’s defense.