Wyoming Statutes
§ 17-11-116 — Dissolution
Wyoming § 17-11-116
This text of Wyoming § 17-11-116 (Dissolution) 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. § 17-11-116 (2026).
Text
The corporation may upon the affirmative vote of two-thirds
(2/3) of the votes to which the shareholders shall be entitled
and two-thirds (2/3) of the votes to which the members shall be
entitled to dissolve said corporation. Upon any dissolution of
the corporation, none of the corporation's assets shall be
distributed to the shareholders until all sums due the members
of the corporation and creditors thereof have been paid in full.
If the corporation is a nonprofit corporation the assets
remaining after payment in full of all amounts due creditors and
the members of the corporation shall be paid only to charitable
or educational organizations and institutions, in accordance
with the articles of incorporation and bylaws of the
corporation.
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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 existenceCite This Page — Counsel Stack
Bluebook (online)
Wyoming § 17-11-116, Counsel Stack Legal Research, https://law.counselstack.com/statute/wy/11/17-11-116.