{"data":{"id":"us-wy/wyo.-stat.-9-7-125","jurisdiction":"us-wy","citation":"Wyo. Stat. § 9-7-125","heading":"Subsidiary corporation; economic development loans.","body":"(a) The authority may charter a subsidiary corporation for the purpose of managing or originating economic development loans subject to the following conditions:\n(i) The directors of the authority shall also be directors of the subsidiary corporation and are entitled to the same compensation and expenses for such service as provided by W.S. 9-7-104(b) so long as the services do not occur on the same day;\n(ii) The subsidiary corporation shall not take equity positions through stock ownership in any corporation or association;\n(iii) The subsidiary corporation is subject to the audit requirements of W.S. 9-7-116 and the financial supervision requirements of W.S. 9-7-105(b);\n(iv) The subsidiary corporation shall not acquire or originate any economic development loans on and after the effective date of this act;\n(v) This section is retroactive and prospective in its application.","path":["TITLE 9 - ADMINISTRATION OF THE GOVERNMEN","CHAPTER 7 COMMUNITY DEVELOPMENT, AND SCIENCE, TECHNOLOGY","ARTICLE 1 - COMMUNITY DEVELOPMENT AUTHORITY"],"source_url":"https://wyoleg.gov/statutes/compress/title09.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:32Z","sha256":"442bdd82411b34677017d72fd278830c9c4917de72d3fa65e89efbd04302c06a","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-9-7-124","next":"us-wy/wyo.-stat.-9-7-201"},"notice":"GroundRules: Original legal text. Not legal advice."}