Wyoming § 17-16-631 Corporation's acquisition of its own shares

Wyoming Statutes

§ 17-16-631 — Corporation's acquisition of its own shares

Wyoming § 17-16-631

Title 17Corporations, Partnerships and Associations

Ch. 16WYOMING BUSINESS CORPORATION ACT

Art. 6SHARES AND DISTRIBUTIONS

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Bluebook

Wyo. Stat. Ann. § 17-16-631 (2026).

Text

(a)A corporation may acquire its own shares and shares so acquired constitute authorized but unissued shares.

(b)If the articles of incorporation prohibit the reissue of the acquired shares, the number of authorized shares is reduced by the number of shares acquired.

(c)The board of directors may adopt articles of amendment effecting the provisions of this section under article 10 of this act without shareholder action and deliver them to the secretary of state for filing. D. Distributions

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(a) A corporation may acquire its own shares and shares so
acquired constitute authorized but unissued shares.
(b) If the articles of incorporation prohibit the reissue
of the acquired shares, the number of authorized shares is
reduced by the number of shares acquired.
(c) The board of directors may adopt articles of amendment
effecting the provisions of this section under article 10 of
this act without shareholder action and deliver them to the
secretary of state for filing.
D. Distributions