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Thu March 6, 2008
Legislature Passes Bills Aimed at Fighting Fraud
By Bob Beck
Cheyenne, WY – The legislature has given final approval to a pair of bills that address Wyoming businesses that are located out of state.
Such businesses are represented in Wyoming through registered agents.
Secretary of State Max Maxfield has been concerned that the state has little oversight over these businesses and he asked for tougher laws to better regulate them.
While he admits the bill does improve the law, Cheyenne Representative Pete Illoway says that the legislation they passed could have been better.
Senator Charlie Scott of Casper agrees with Illoway and says the law does not go nearly far enough. Many legislators were concerned that they were putting some unfair burdens on registered agents by asking them to maintain regular contact with the companies they represent. The bills now head to the Governor.