Wyoming Statutes

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

Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 16 WYOMING BUSINESS CORPORATION ACT·Art. 8 DIRECTORS AND OFFICERS
(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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