Wyoming § 17-16-806 Staggered terms for directors

Wyoming Statutes

§ 17-16-806 — Staggered terms for directors

Wyoming § 17-16-806

Title 17Corporations, Partnerships and Associations

Ch. 16WYOMING BUSINESS CORPORATION ACT

Art. 8DIRECTORS AND OFFICERS

This text of Wyoming § 17-16-806 (Staggered terms for directors) 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. § 17-16-806 (2026).

Text

The articles of incorporation may provide for staggering the
terms of directors by dividing the total number of directors
into two (2) or three (3) groups, with each group containing
one-half (1/2) or one-third (1/3) of the total, as near as may
be practicable. In that event, the terms of directors in the
first group expire at the first annual shareholders' meeting
after their election, the terms of the second group expire at
the second annual shareholders' meeting after their election,
and the terms of the third group, if any, expire at the third
annual shareholders' meeting after their election. At each
annual shareholders' meeting held thereafter, directors shall be
chosen for a term of two (2) years or three (3) years, as the
case may be, to succeed those whose terms expire.

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The articles of incorporation may provide for staggering the
terms of directors by dividing the total number of directors
into two (2) or three (3) groups, with each group containing
one-half (1/2) or one-third (1/3) of the total, as near as may
be practicable. In that event, the terms of directors in the
first group expire at the first annual shareholders' meeting
after their election, the terms of the second group expire at
the second annual shareholders' meeting after their election,
and the terms of the third group, if any, expire at the third
annual shareholders' meeting after their election. At each
annual shareholders' meeting held thereafter, directors shall be
chosen for a term of two (2) years or three (3) years, as the
case may be, to succeed those whose terms expire.