Wyoming Statutes
§ 17-11-112 — Depository of funds
The corporation shall not deposit any of its funds in any
banking institution unless such institution has been designated
as a depository by a vote of a majority of the directors present
at an authorized meeting of the board of directors, exclusive of
any director who is an officer or director of the depository so
designated.
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Nearby Sections
15
§ 17-11-101
Short title§ 17-11-102
Definitions§ 17-11-104
Powers of corporation generally§ 17-11-106
Membership generally; loans to corporation§ 17-11-107
Duration of membership; withdrawal§ 17-11-108
Powers of shareholders and members§ 17-11-109
Amendments to articles of incorporation§ 17-11-110
Board of directors§ 17-11-111
Determination of net earnings and surplus§ 17-11-112
Depository of funds§ 17-11-113
Examination by director; reports§ 17-11-114
First meeting§ 17-11-115
Perpetual existence