Wyoming § 17-16-809 Removal of directors by judicial proceeding

Wyoming Statutes

§ 17-16-809 — Removal of directors by judicial proceeding

Wyoming § 17-16-809

Title 17Corporations, Partnerships and Associations

Ch. 16WYOMING BUSINESS CORPORATION ACT

Art. 8DIRECTORS AND OFFICERS

This text of Wyoming § 17-16-809 (Removal of directors by judicial proceeding) 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. § 17-16-809 (2026).

Text

(a)The district court of the county where a corporation's principal office, or if none in this state, its registered office, is located may remove a director of the corporation from office in a proceeding commenced by or in the right of the corporation if the court finds that:

(i)The director engaged in fraudulent conduct with respect to the corporation or its shareholders, grossly abused the position of director, or intentionally inflicted harm on the corporation; and

(ii)Considering the director's course of conduct and the inadequacy of other available remedies, removal would be in the best interest of the corporation.

(b)A shareholder proceeding on behalf of the corporation under subsection (a) of this section shall comply with all of the requirements of W.S. 17-16-740 through 17-16

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(a) The district court of the county where a corporation's
principal office, or if none in this state, its registered
office, is located may remove a director of the corporation from
office in a proceeding commenced by or in the right of the
corporation if the court finds that:
(i) The director engaged in fraudulent conduct with
respect to the corporation or its shareholders, grossly abused
the position of director, or intentionally inflicted harm on the
corporation; and
(ii) Considering the director's course of conduct and
the inadequacy of other available remedies, removal would be in
the best interest of the corporation.
(b) A shareholder proceeding on behalf of the corporation
under subsection (a) of this section shall comply with all of
the requirements of W.S. 17-16-740 through 17-16-747 excluding
W.S. 17-16-741(a)(i).
(c) The court in addition to removing a director may bar
the director from reelection for a period prescribed by the
court.
(d) Nothing in this section limits the equitable powers of
the court to order other relief including, but not limited to,
an award of expenses.