§ 9-12-1309 — Distributions

(a) A Wyoming small business investment company may make a
qualified distribution at any time. In order for a Wyoming
small business investment company to make a distribution other
than a qualified distribution to its equity holders, the
cumulative amount of all qualified investments of the Wyoming
small business investment company shall equal or exceed one
hundred percent (100%) of its designated capital.
(b) A Wyoming small business investment company shall
transfer to the state treasurer for deposit into the general
fund an amount equal to ten percent (10%) of all distributions
to the equity holders of the Wyoming small business investment
company, other than qualified distributions and distributions of
paid-in capital contributed to a Wyoming small business
investment company by the equity holders. A Wyoming small
business investment company shall make all contributions
required under this subsection concurrently with distributions
to its equity owners by payment to the Wyoming business council.
The council shall upon receiving payment from the Wyoming small
business investment company transmit the funds to the state
treasurer for deposit into the general fund. Nothing in this
subsection shall be construed to affect qualified distributions.
(c) If, more than ten (10) years after the allocation
date, a Wyoming small business investment company has failed to
cumulatively invest an amount equal to at least one hundred
percent (100%) of its designated capital in qualified
investments, the percentage of distributions that a Wyoming
small business investment company is required to contribute to
the state of Wyoming general fund under subsection (b) of this
section shall be twenty-five percent (25%) of all distributions
to the equity holders of the Wyoming small business investment
company, other than qualified distributions and distributions of
paid-in capital contributed to a Wyoming small business
investment company by the equity holders.