2017 Wyoming Statutes
TITLE 17 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
CHAPTER 17 - CLOSE CORPORATION SUPPLEMENT
ARTICLE 1 - PROVISIONS
SECTION 17-17-125 - Limited liability.

Universal Citation: WY Stat § 17-17-125 (2017)

17-17-125. Limited liability.

The failure of a statutory close corporation to observe the usual corporate formalities or requirements relating to the exercise of its corporate powers or management of its business and affairs is not a ground for imposing personal liability on the shareholders for liabilities of the corporation.

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