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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Nearby Sections
15
§ 17-16-1001
Authority to amend§ 17-16-1002
Amendment before issuance of shares§ 17-16-1003
Amendment by board of directors and
shareholders§ 17-16-1004
Voting on amendments by voting groups§ 17-16-1005
Amendment by board of directors§ 17-16-1006
Articles of amendment§ 17-16-1007
Restated articles of incorporation§ 17-16-1009
Effect of amendment§ 17-16-101
Short title§ 17-16-1020
Amendment by board of directors or
shareholders§ 17-16-1101
(Reserved)