Wyoming § 17-17-103 17-17-103. Definition and election of statutory close
corporation status

Wyoming Statutes

§ 17-17-103 — 17-17-103. Definition and election of statutory close corporation status

Wyoming § 17-17-103

Title 17Corporations, Partnerships and Associations

Ch. 17CLOSE CORPORATION SUPPLEMENT

Art. 1PROVISIONS

This text of Wyoming § 17-17-103 (17-17-103. Definition and election of statutory close corporation status) 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. § 17-17-103 (2026).

Text

(a)A statutory close corporation is a corporation whose articles of incorporation contain a statement that the corporation is a statutory close corporation.

(b)A corporation having thirty-five (35) or fewer shareholders may become a statutory close corporation by amending its articles of incorporation to include the statement required by subsection (a) of this section. For corporations formed prior to January 1, 1990, the amendment shall be approved by all of the holders of the votes of each class or series of shares of the corporation, whether or not otherwise entitled to vote on amendments. For corporations formed on or after January 1, 1990, the amendment must be approved by the holders of at least two-thirds (2/3) of the votes of each class or series of shares of the corporation, vot

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(a) A statutory close corporation is a corporation whose
articles of incorporation contain a statement that the
corporation is a statutory close corporation.
(b) A corporation having thirty-five (35) or fewer
shareholders may become a statutory close corporation by
amending its articles of incorporation to include the statement
required by subsection (a) of this section. For corporations
formed prior to January 1, 1990, the amendment shall be approved
by all of the holders of the votes of each class or series of
shares of the corporation, whether or not otherwise entitled to
vote on amendments. For corporations formed on or after January
1, 1990, the amendment must be approved by the holders of at
least two-thirds (2/3) of the votes of each class or series of
shares of the corporation, voting as separate voting groups,
whether or not otherwise entitled to vote on amendments. If the
amendment is adopted, a shareholder who voted against the
amendment is entitled to assert dissenters' rights under W.S.
17-16-1301 through 17-16-1331.
Subarticle B. Shares