§ 17-11-108 — Powers of shareholders and members

(a) The shareholders and the members of the corporation
shall have the following powers of the corporation:
(i) To determine the number of and elect directors as
provided in W.S. 17-11-110;
(ii) To make, amend and repeal bylaws;
(iii) To amend the certificate of incorporation;
(iv) To dissolve the corporation as provided in W.S.
17-11-116;
(v) To do all things necessary or desirable to secure
aid, assistance loans and other financing from any financial
institutions, and from any agency established under the Small
Business Investment Act of 1958, Public Law 85-699, 85th
Congress, or other similar federal laws now or hereafter
enacted, and from the state of Wyoming or any agency or
department thereof;
(vi) To exercise such other of the powers of the
corporation consistent with the act as may be conferred on the
shareholders and the members by the bylaws.
(b) As to all matters requiring action by the shareholders
and the members of the corporation, the shareholders and members
shall vote as provided in the bylaws of the corporation.
(c) Unless otherwise provided in the articles of
incorporation, each shareholder shall have one (1) vote, in
person or by proxy, for each share of stock held by him. Each
member shall have one (1) vote, in person or by proxy, for each
share of stock held by him except that any member having a loan
limit of more than one thousand dollars ($1,000.00) and having a
loan to the corporation as provided under W.S. 17-11-106(b)
shall have one (1) additional vote, in person or by proxy, for
each additional one thousand dollars ($1,000.00) which the
member has outstanding in loans to the corporation under W.S.
17-11-106(b) at any one (1) time.