Wyoming Const. art. 3, § 40

Wyoming Constitution

Article 3, § 40 — Debts to state or municipal corporation cannot be released unless otherwise prescribed by legislature

Wyoming Const. art. 3, § 40 (Debts to state or municipal corporation cannot be released unless otherwise prescribed by legislature) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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Section§ 40

CitationWyoming Const. art. 3, § 40

Bluebook

Wyo. Const. art. 3, § 40.

Full Text

No obligation or liability of any person, association or corporation held or owned by the state or any municipal corporation therein shall ever be exchanged, transferred, remitted, released, postponed or in any way diminished except as may be prescribed by the legislature. The liability or obligation shall not be extinguished except by payment into the proper treasury or as may otherwise be prescribed by the legislature in cases where the obligation or liability is not collectible.

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No obligation or liability of any person, association or corporation held or owned by the state or any municipal corporation therein shall ever be exchanged, transferred, remitted, released, postponed or in any way diminished except as may be prescribed by the legislature. The liability or obligation shall not be extinguished except by payment into the proper treasury or as may otherwise be prescribed by the legislature in cases where the obligation or liability is not collectible.

History

This section was amended by a resolution adopted by the 1983 legislature, ratified by a vote of the people at the general election held on November 6, 1984, and proclaimed in effect on November 14, 1984.