§ 9-17-104 — Wyoming lottery corporation created; membership of board of directors; appointment; terms; filling of vacancies; conflict of interests; reimbursement for expenses; officers; quorum

(a) There is created the Wyoming lottery corporation which
is a body politic and corporate operating as an instrumentality
of the state of Wyoming, with authority to adopt an official
seal and to sue and be sued. Notwithstanding any other
provision of law, the state is not liable for any liability or
deficiency of the Wyoming lottery corporation or any debt
incurred by the corporation and the full faith and credit of the
state of Wyoming shall not be pledged to any debt of the
corporation. The sole recourse of any party contracting with
the corporation shall be against the corporation and there shall
be no cause of action against the state, or any county,
municipality or other political subdivision of the state.
(b) The corporation shall be governed by a board of
directors composed of nine (9) members appointed by the
governor.
(c) Members shall be residents of the state of Wyoming,
shall be prominent persons in their businesses or professions,
and shall not have been convicted of any felony offense. A
background investigation shall be conducted on each potential
board member. The corporation shall be authorized to pay for
the actual cost of the investigations and may contract with the
division of criminal investigation for the performance of the
investigations.
(d) Members shall serve terms of four (4) years, except
that of the initial members appointed, four (4) members shall be
appointed for initial terms of two (2) years and five (5)
members shall be appointed for initial terms of four (4) years.
(e) Members of the board shall not have any direct or
indirect interest in an undertaking that puts their personal
interest in conflict with that of the corporation, including,
but not limited to, an interest in a major procurement contract
or a participating retailer.
(f) Each member shall only receive compensation from the
corporation for each day or part of a day in which engaged in
the performance of their official duties at the same salary and
per diem provided members of the state legislature under W.S.
28-5-101 and shall be reimbursed for actual and necessary
expenses incurred in the performance of their official duties.
Members shall receive no other compensation from the
corporation.
(g) The members shall elect from their membership a
chairman and vice chairman. The members shall also elect a
secretary and treasurer. The officers shall serve for terms as
shall be prescribed by the bylaws of the corporation or until
their respective successors are elected and qualified. No
member of the board shall hold more than any one (1) office of
the corporation, except that the same person may serve as
secretary and treasurer.
(h) The board of directors may delegate to any one (1) or
more of its members, to the chief executive officer or to any
agent or employee of the corporation any powers and duties as it
may deem proper.
(j) A majority of members in office shall constitute a
quorum for the transaction of any business and for the exercise
of any power or function of the corporation.
(k) Action may be taken and motions and resolutions
adopted by the board at any meeting thereof by the affirmative
vote of a majority of present and voting board members.
(m) No vacancy in the membership of the board shall impair
the right of the members to exercise all the powers and perform
all the duties of the board.