{"data":{"id":"us-wy/wyo.-stat.-17-10-220","jurisdiction":"us-wy","citation":"Wyo. Stat. § 17-10-220","heading":"Limitation of director's liability.","body":"(a) A director's personal liability to the cooperative or members for monetary damages for breach of fiduciary duty as a director may be eliminated or limited in the articles except as provided in subsection (b) of this section.\n(b) The articles may not eliminate or limit the liability of a director:\n(i) For a breach of the director's duty of loyalty to the cooperative or its members;\n(ii) For acts or omissions that are not in good faith or involve intentional misconduct or a knowing violation of law;\n(iii) For a transaction from which the director derived an improper personal benefit; or\n(iv) For an act or omission occurring before the date when the provision in the articles eliminating or limiting liability becomes effective.","path":["TITLE 17 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 10 - COOPERATIVE MARKETING ASSOCIATIONS","ARTICLE 2 - PROCESSING COOPERATIVE"],"source_url":"https://wyoleg.gov/statutes/compress/title17.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:32Z","sha256":"723310e4f220712a66582c140d5522ea87eebe6bb0fa2e19a8c3c5c446a304c4","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-17-10-219","next":"us-wy/wyo.-stat.-17-10-221"},"notice":"GroundRules: Original legal text. Not legal advice."}