Wyoming Statutes
§ 17-17-125 — Limited liability
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 17 CLOSE CORPORATION SUPPLEMENT·Art. 1 PROVISIONS
The failure of a statutory close corporation to observe the
usual corporate formalities or requirements relating to the
exercise of its corporate powers or management of its business
and affairs is not a ground for imposing personal liability on
the shareholders for liabilities of the corporation.
Subarticle D. Reorganization and Termination
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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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