Wyoming § 17-16-1409 Directors' duties

Wyoming Statutes

§ 17-16-1409 — Directors' duties

Wyoming § 17-16-1409

Title 17Corporations, Partnerships and Associations

Ch. 16WYOMING BUSINESS CORPORATION ACT

Art. 14DISSOLUTION

This text of Wyoming § 17-16-1409 (Directors' duties) 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. § 17-16-1409 (2026).

Text

(a)Directors shall cause the dissolved corporation to discharge or make reasonable provision for the payment of claims and make distributions of assets to shareholders after payment or provision for claims.

(b)Directors of a dissolved corporation which has disposed of claims under W.S. 17-16-1406, 17-16-1407 or 17-16-1408 shall not be liable for breach of this section with respect to claims against the dissolved corporation. B. Administrative Dissolution

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(a) Directors shall cause the dissolved corporation to
discharge or make reasonable provision for the payment of claims
and make distributions of assets to shareholders after payment
or provision for claims.
(b) Directors of a dissolved corporation which has
disposed of claims under W.S. 17-16-1406, 17-16-1407 or
17-16-1408 shall not be liable for breach of this section with
respect to claims against the dissolved corporation.
B. Administrative Dissolution