§ 17-16-302 — General powers

Wyoming § 17-16-302

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 16: WYOMING BUSINESS CORPORATION ACT
• Art. 3: PURPOSES AND POWERS

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(a) Unless its articles of incorporation provide
otherwise, every corporation has perpetual duration and
succession in its corporate name and has the same powers as an
individual to do all things necessary or convenient to carry out
its business and affairs, including without limitation power to:
(i) Sue and be sued, complain and defend in its
corporate name;
(ii) Have a corporate seal, which may be altered at
will, and to use it, or a facsimile of it, by impressing or
affixing it or in any other manner reproducing it;
(iii) Make and amend bylaws, not inconsistent with
its articles of incorporation or with the laws of this state,
for managing the business and regulating the affairs of the
corporation;
(iv) Purchase, receive, lease, or otherwise acquire,
and own, hold, improve, use, and otherwise deal with, real or
personal property, or any legal or equitable interest in
property, wherever located;
(v) Sell, convey, mortgage, pledge, lease, exchange,
and otherwise dispose of all or any part of its property;
(vi) Purchase, receive, subscribe for, or otherwise
acquire; own, hold, vote, use, sell, mortgage, lend, pledge, or
otherwise dispose of; and deal in and with shares or other
interests in, or obligations of, any other entity;
(vii) Make contracts and guarantees, incur
liabilities, borrow money, issue its notes, bonds, and other
obligations which may be convertible into or include the option
to purchase other securities of the corporation, and secure any
of its obligations by mortgage or pledge of any of its property,
franchises, or income;
(viii) Lend money, invest and reinvest its funds, and
receive and hold real and personal property as security for
repayment;
(ix) Be a promoter, partner, member, associate, or
manager of any partnership, joint venture, trust, or other
entity;
(x) Conduct its business, locate offices, and
exercise the powers granted by this act within or without this
state;
(xi) Elect directors and appoint officers, employees,
and agents of the corporation, define their duties, fix their
compensation, and lend them money and credit;
(xii) Pay pensions and establish pension plans,
pension trusts, profit sharing plans, share bonus plans, share
option plans, and benefit or incentive plans for any or all of
its current or former directors, officers, employees, and
agents;
(xiii) Make donations for the public welfare or for
charitable, scientific, or educational purposes;
(xiv) Transact any lawful business; and
(xv) Make payments or donations, or do any other act,
not inconsistent with law, that furthers the business and
affairs of the corporation.