2015 Wyoming Code
TITLE 17 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
CHAPTER 19 - WYOMING NONPROFIT CORPORATION ACT
ARTICLE 13 - DISTRIBUTIONS
SECTION 17-19-1302. - Purchase of memberships; authorized distributions.
17-19-1302. Purchase of memberships; authorized 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.
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