Wyoming § 17-11-104 Powers of corporation generally

Wyoming Statutes

§ 17-11-104 — Powers of corporation generally

Wyoming § 17-11-104

Title 17Corporations, Partnerships and Associations

Ch. 11INDUSTRIAL CORPORATIONS

This text of Wyoming § 17-11-104 (Powers of corporation generally) 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. § 17-11-104 (2026).

Text

(a)In furtherance of its purposes the corporation shall, subject to the restrictions and limitations herein contained, have the following powers:

(i)To elect, appoint, and employ officers, agents and employees; to make contracts and incur liabilities for any of the purposes of the corporation;

(ii)To borrow money from its members, the small business administration or any other similar federal agency, or the state of Wyoming or any agency or department thereof or any other corporation or person, for any of the purposes of the corporation; to issue therefor its bonds, debentures, notes or other evidence of indebtedness, whether secured or unsecured, and to secure the same by mortgage, pledge, deed of trust or other lien on its property, franchises, rights, and privileges of every kind and

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(a) In furtherance of its purposes the corporation shall,
subject to the restrictions and limitations herein contained,
have the following powers:
(i) To elect, appoint, and employ officers, agents
and employees; to make contracts and incur liabilities for any
of the purposes of the corporation;
(ii) To borrow money from its members, the small
business administration or any other similar federal agency, or
the state of Wyoming or any agency or department thereof or any
other corporation or person, for any of the purposes of the
corporation; to issue therefor its bonds, debentures, notes or
other evidence of indebtedness, whether secured or unsecured,
and to secure the same by mortgage, pledge, deed of trust or
other lien on its property, franchises, rights, and privileges
of every kind and nature, or any part thereof or interest
therein, without securing stockholder or member approval;
(iii) To make loans to any project, person, firm,
corporation, association or trust, to invest in a small business
investment company as regulated by the small business
administration, and to establish and regulate the terms and
conditions with respect to those loans or investments;
(iv) To cooperate with and avail itself of the
facilities of the United States department of commerce, the
Wyoming business council created by W.S. 9-12-103 and any other
similar state or federal governmental agencies; and to cooperate
with and assist, and otherwise encourage organizations in the
various communities of the state in the promotion, assistance,
and development of the business prosperity and economic welfare
of such communities or of this state or of any part thereof;
(v) To do all acts and things necessary or convenient
to carry out the powers expressly granted in this act.
(b) In addition to the powers herein enumerated, the
corporation if organized as a nonprofit corporation shall have
all of the powers conferred on such corporations by W.S.
17-19-101 through 17-19-1807, and if organized as a profit
corporation shall have all of the powers conferred on
corporations under the Wyoming Business Corporation Act.