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