Wyoming § 17-10-115 Apportionment of net profits by directors of
corporation with capital stock

Wyoming Statutes

§ 17-10-115 — Apportionment of net profits by directors of corporation with capital stock

Wyoming § 17-10-115

Title 17Corporations, Partnerships and Associations

Ch. 10COOPERATIVE MARKETING ASSOCIATIONS

Art. 1IN GENERAL

This text of Wyoming § 17-10-115 (Apportionment of net profits by directors of corporation with capital stock) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 17-10-115 (2026).

Text

(a)The directors in any cooperative association organized under this article may set aside a portion of net income to create or maintain a capital reserve as they see fit or may set aside none, in their discretion. In addition to a capital reserve, the board may:

(i)Set aside an amount not to exceed five percent (5%) of the annual net income of the cooperative association for:

(A)Promoting and encouraging cooperative organization;

(B)Promotion, education or research activities which are beneficial to the cooperative, its members and products; and

(C)Any other endeavor or effort which the board deems is in the best interests of the cooperative or its members.

(ii)Establish and accumulate reserves for new buildings, machinery and equipment depreciation, losses and other purposes.

(b)R

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(a) The directors in any cooperative association organized
under this article may set aside a portion of net income to
create or maintain a capital reserve as they see fit or may set
aside none, in their discretion. In addition to a capital
reserve, the board may:
(i) Set aside an amount not to exceed five percent
(5%) of the annual net income of the cooperative association
for:
(A) Promoting and encouraging cooperative
organization;
(B) Promotion, education or research activities
which are beneficial to the cooperative, its members and
products; and
(C) Any other endeavor or effort which the board
deems is in the best interests of the cooperative or its
members.
(ii) Establish and accumulate reserves for new
buildings, machinery and equipment depreciation, losses and
other purposes.
(b) Repealed By Laws 2001, Ch. 144, § 4.