Wyoming § 17-16-833 Director's liability for unlawful
distributions

Wyoming Statutes

§ 17-16-833 — Director's liability for unlawful distributions

Wyoming § 17-16-833

Title 17Corporations, Partnerships and Associations

Ch. 16WYOMING BUSINESS CORPORATION ACT

Art. 8DIRECTORS AND OFFICERS

This text of Wyoming § 17-16-833 (Director's liability for unlawful distributions) 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. § 17-16-833 (2026).

Text

(a)A director who votes for or assents to a distribution in excess of what may be authorized and made pursuant to W.S. 17-16-640 or 17-16-1409(a) is personally liable to the corporation for the amount of the distribution that exceeds what could have been distributed without violating W.S. 17-16-640 or 17-16-1409(a) if the party asserting liability establishes that when taking the action the director did not comply with W.S.

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(a) A director who votes for or assents to a distribution
in excess of what may be authorized and made pursuant to W.S.
17-16-640 or 17-16-1409(a) is personally liable to the
corporation for the amount of the distribution that exceeds what
could have been distributed without violating W.S. 17-16-640 or
17-16-1409(a) if the party asserting liability establishes that
when taking the action the director did not comply with W.S.