There Is a Newer Version
of
this Section
2018 Wyoming Statutes
TITLE 17 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
CHAPTER 10 - COOPERATIVE MARKETING ASSOCIATIONS
ARTICLE 1 - IN GENERAL
SECTION 17-10-114 - Liability of directors for excess of indebtedness over assets or capital.
Universal Citation:
WY Stat § 17-10-114 (2018)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
17-10-114. Liability of directors for excess of indebtedness over assets or capital.
If the indebtedness of such corporation shall at any time exceed the amount of the assets of a nonstock corporation or the amount of subscribed capital stock of a stock company, the directors assenting thereto shall be personally and individually liable for such excess to the creditors.
Disclaimer: These codes may not be the most recent version. Wyoming may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
