Wyoming Statutes
§ 17-10-114 — Liability of directors for excess of indebtedness over assets or capital
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 10 COOPERATIVE MARKETING ASSOCIATIONS·Art. 1 IN GENERAL
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.
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Nearby Sections
15
§ 17-10-101
Purpose of chapter§ 17-10-103
Formation§ 17-10-104
Purposes§ 17-10-107
Certificate of incorporation; amendment§ 17-10-109
Powers§ 17-10-110
Members and stock generally§ 17-10-113
Removal of officers or directors