Wyoming § 17-19-1201 Sale of assets in regular course of activities
and mortgage of assets

Wyoming Statutes

§ 17-19-1201 — Sale of assets in regular course of activities and mortgage of assets

Wyoming § 17-19-1201

Title 17Corporations, Partnerships and Associations

Ch. 19WYOMING NONPROFIT CORPORATION ACT

Art. 12SALE OF ASSETS

This text of Wyoming § 17-19-1201 (Sale of assets in regular course of activities and mortgage of assets) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 17-19-1201 (2026).

Text

(a)A corporation may on the terms and conditions and for the consideration determined by the board of directors:

(i)Sell, lease, exchange or otherwise dispose of all, or substantially all, of its property in the usual and regular course of its activities; or

(ii)Mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber any or all of its property whether or not in the usual and regular course of its activities.

(b)Unless the articles require it, approval of the members or any other person of a transaction described in subsection (a) of this section is not required.

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(a) A corporation may on the terms and conditions and for
the consideration determined by the board of directors:
(i) Sell, lease, exchange or otherwise dispose of
all, or substantially all, of its property in the usual and
regular course of its activities; or
(ii) Mortgage, pledge, dedicate to the repayment of
indebtedness, whether with or without recourse, or otherwise
encumber any or all of its property whether or not in the usual
and regular course of its activities.
(b) Unless the articles require it, approval of the
members or any other person of a transaction described in
subsection (a) of this section is not required.