{"data":{"id":"us-wy/wyo.-stat.-17-19-304","jurisdiction":"us-wy","citation":"Wyo. Stat. § 17-19-304","heading":"Ultra vires.","body":"(a) Except as provided in subsection (b) of this section, the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act.\n(b) A corporation's power to act may be challenged in a proceeding against the corporation to enjoin an act where a third party has not acquired rights. The proceeding may be brought by the attorney general, a director or by a member or members in a derivative proceeding.\n(c) A corporation's power to act may be challenged in a proceeding against an incumbent or former director, officer, employee or agent of the corporation. The proceeding may be brought by a director, the corporation, directly, derivatively, or through a receiver, a trustee or other legal representative, or in the case of a public benefit corporation, by the attorney general.","path":["TITLE 17 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 19 - WYOMING NONPROFIT CORPORATION ACT","ARTICLE 3 - PURPOSES AND POWERS"],"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":"f5c541adba47f58eed3e0338c5941b4b67546db567bf9c3f921658f2cfc64275","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-17-19-303","next":"us-wy/wyo.-stat.-17-19-401"},"notice":"GroundRules: Original legal text. Not legal advice."}