Wyo. Stat. § 17-19-1302: Purchase of memberships; authorized distributions.
Where this section sits in the code
- TITLE 17 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 19 - WYOMING NONPROFIT CORPORATION ACT
- ARTICLE 13 - DISTRIBUTIONS
(a) A mutual benefit corporation may purchase its memberships if after the purchase is completed:
(i) The corporation would be able to pay its debts as they become due in the usual course of its activities; and
(ii) The corporation's total assets would at least equal the sum of its total liabilities.
(b) Corporations may make distributions upon dissolution in conformity with article 14 of this act.
Collected 2026-09-04T00:16:32Z. Source file · JSON