Wyoming Statutes
§ 17-17-117 — Court costs and other expenses
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 17 CLOSE CORPORATION SUPPLEMENT·Art. 1 PROVISIONS
(a)The court in a proceeding commenced under W.S.
17-17-116 shall determine the total costs of the proceeding,
including the reasonable compensation and expenses of appraisers
appointed by the court and of counsel and experts employed by
the parties. Except as provided in subsection (b) of this
section, the court shall assess these costs equally against the
corporation and the party exercising the compulsory purchase
right.
(b)The court may assess all or a portion of the total
costs of the proceeding:
(i)Against the person exercising the compulsory
purchase right if the court finds that the fair value of the
shares does not substantially exceed the corporation's last
purchase offer made before commencement of the proceeding and
that the person's failure to accept the offer was arbitrary
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Nearby Sections
15
§ 17-17-101
Short title§ 17-17-102
Application of Wyoming Business Corporation Act
and the provisions of W.S. 17-3-101 through 17-3-104§ 17-17-111
Share transfer prohibition§ 17-17-115
Exercise of compulsory purchase right§ 17-17-116
17-17-116. Court action to compel purchase§ 17-17-117
Court costs and other expenses§ 17-17-120
Shareholder agreements§ 17-17-121
Elimination of board of directors§ 17-17-122
Bylaws§ 17-17-123
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