Wyoming § 17-17-133 Shareholder option to dissolve corporation

Wyoming Statutes

§ 17-17-133 — Shareholder option to dissolve corporation

Wyoming § 17-17-133

Title 17Corporations, Partnerships and Associations

Ch. 17CLOSE CORPORATION SUPPLEMENT

Art. 1PROVISIONS

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Bluebook

Wyo. Stat. Ann. § 17-17-133 (2026).

Text

(a)The articles of incorporation of a statutory close corporation may authorize one (1) or more shareholders, or the holders of a specified number or percentage of shares of any class or series, to dissolve the corporation at will or upon the occurrence of a specified event or contingency. The shareholder or shareholders exercising this authority must give written notice of the intent to dissolve to all the other shareholders. Sixty (60) days after the effective date of the notice, the corporation shall begin to wind up and liquidate its business and affairs and file articles of dissolution under W.S. 17-16-1403 through 17-16-1407.

(b)Unless the articles of incorporation provide otherwise, an amendment to the articles of incorporation to add, change or delete the authority to dissolve de

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(a) The articles of incorporation of a statutory close
corporation may authorize one (1) or more shareholders, or the
holders of a specified number or percentage of shares of any
class or series, to dissolve the corporation at will or upon the
occurrence of a specified event or contingency. The shareholder
or shareholders exercising this authority must give written
notice of the intent to dissolve to all the other shareholders.
Sixty (60) days after the effective date of the notice, the
corporation shall begin to wind up and liquidate its business
and affairs and file articles of dissolution under W.S.
17-16-1403 through 17-16-1407.
(b) Unless the articles of incorporation provide
otherwise, an amendment to the articles of incorporation to add,
change or delete the authority to dissolve described in
subsection (a) of this section must be approved by the holders
of all the outstanding shares, whether or not otherwise entitled
to vote on amendments, or if no shares have been issued, by all
the subscribers for shares, if any, or if none, by all the
incorporators.
Subarticle E. Judicial Supervision