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Wyoming shareholders have the right to inspect and corporate books and records, including: minutes of both shareholder and director meetings, accounting records, list of shareholders, by-laws, and articles of incorporation.
Constitutional Amendment A The Wyoming Constitution allows the state to invest state funds in equities such as the stock of corporations, but does not allow the funds of counties, cities and other political subdivisions to be invested in equities.
Articles 2 through 5 and 12 through 17 set up the structure of government, including the three distinct branches of legislative, executive and judicial departments.
The Wyoming Constitution contains a preamble and 21 articles. The constitution contains provisions for the organization and operation of government, a "declaration of rights", a process for amendment and a schedule.
§ 22-20-101. A proposed amendment to the constitution of the state of Wyoming submitted by a two-thirds vote of each of the houses of the state legislature or a proposed new constitution submitted by a constitutional convention may be ratified by a majority of the electors voting at the next general election.
Reflecting the emerging spirit of western populism and progressive reform, the constitution was adopted in 1889 to bolster Wyoming's prospects for statehood. It has been amended eighty times in the state's history; forty-nine proposed amendments have failed.
In short, Article 15, Section 18 of the Wyoming Constitution nullifies any future income tax that could be imposed by removing its financial impact for most people. Former state legislator and chairman of the Wyoming Republican Party Diemer True remembers how much this amendment meant to Smith.