§ 17-16-1408 — Court proceedings

Wyoming § 17-16-1408

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 16: WYOMING BUSINESS CORPORATION ACT
• Art. 14: DISSOLUTION

Text

(a) A dissolved corporation that has published a notice
under W.S. 17-16-1407 may file an application with the district
court of the county where the dissolved corporation's principal
office, or, if none in this state, its registered office is
located for a determination of the amount and form of security
to be provided for payment of claims that are contingent or have
not been made known to the dissolved corporation or that are
based on an event occurring after the effective date of
dissolution but that, based on the facts known to the dissolved
corporation, are reasonably estimated to arise after the
effective date of dissolution. Provision need not be made for
any claim that is or is reasonably anticipated to be barred
under W.S. 17-16-1407(c).
(b) Within ten (10) days after the filing of the
application, notice of the proceeding shall be given by the
dissolved corporation to each claimant holding a contingent
claim whose contingent claim is shown on the records of the
dissolved corporation.
(c) The court may appoint a guardian ad litem to represent
all claimants whose identities are unknown in any proceeding
brought under this section. The reasonable fees and expenses of
the guardian, including all reasonable expert witness fees,
shall be paid by the dissolved corporation.
(d) Provision by the dissolved corporation for security in
the amount and the form ordered by the court under subsection
(a) of this section shall satisfy the dissolved corporation's
obligations with respect to claims that are contingent, have not
been made known to the dissolved corporation or are based on an
event occurring after the effective date of dissolution, and
such claims may not be enforced against a shareholder who
received assets in liquidation.