Wyoming Statutes
§ 17-17-132 — Effect of termination of statutory close corporation status
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 17 CLOSE CORPORATION SUPPLEMENT·Art. 1 PROVISIONS
(a)A corporation that terminates its status as a
statutory close corporation is thereafter subject to all
provisions of the Wyoming Business Corporation Act and, if
incorporated under W.S. 17-3-101 through 17-3-104, to all
provisions of those statutes.
(b)Termination of statutory close corporation status does
not affect any right of a shareholder or of the corporation
under an agreement or the articles of incorporation unless this
chapter, the Wyoming Business Corporation Act, or another law of
this state invalidates the right.
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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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