2017 Wyoming Statutes
TITLE 17 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
CHAPTER 11 - INDUSTRIAL CORPORATIONS
SECTION 17-11-102 - Definitions.
17-11-102. Definitions.
(a) As used in this act, unless a different meaning is required by the context, the following words and phrases have the following meanings:
(i) "Corporation" means a Wyoming industrial development corporation created under this act;
(ii) "Financial institution" means any bank, trust company, savings and loan association, industrial bank, public or private pension or retirement fund, insurance company or related corporation, partnership, foundation, or other institution engaged in lending or investing funds;
(iii) "Member" means any financial institution which undertakes to lend money to or to buy stock in the corporation created under this act;
(iv) "Board of directors" means the board of directors of the corporation created under this act;
(v) "Loan limit" means for any member, the maximum amount permitted to be outstanding at one (1) time on loans made by such member to the corporation, as determined under the provisions of this act;
(vi) "Shareholder" means:
(A) If the corporation is formed for profit, the holder of record of shares in the corporation; or
(B) If the corporation is a nonprofit corporation, a member who has contributed money, property, services or other item of value and whose contribution is recorded on the books of the corporation.
