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Wyoming · Through 2026 Budget Session; as of 2026-07-01

Wyo. Stat. § 17-10-114: Liability of directors for excess of indebtedness over assets or capital.

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Where this section sits in the code
  1. TITLE 17 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
  2. CHAPTER 10 - COOPERATIVE MARKETING ASSOCIATIONS
  3. ARTICLE 1 - IN GENERAL

If the indebtedness of such corporation shall at any time exceed the amount of the assets of a nonstock corporation or the amount of subscribed capital stock of a stock company, the directors assenting thereto shall be personally and individually liable for such excess to the creditors.

Collected 2026-09-04T00:16:32Z. Source file · JSON

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