Wyoming § 17-19-614 Creditor's action against member

Wyoming Statutes

§ 17-19-614 — Creditor's action against member

Wyoming § 17-19-614

Title 17Corporations, Partnerships and Associations

Ch. 19WYOMING NONPROFIT CORPORATION ACT

Art. 6MEMBERS AND MEMBERSHIPS

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Bluebook

Wyo. Stat. Ann. § 17-19-614 (2026).

Text

(a)No proceeding may be brought by a creditor to reach the liability, if any, of a member to the corporation unless final judgment has been rendered in favor of the creditor against the corporation and execution has been returned unsatisfied in whole or in part or unless such proceeding would be useless.

(b)All creditors of the corporation, with or without reducing their claims to judgment, may intervene in any creditor's proceeding brought under subsection (a) of this section to reach and apply unpaid amounts due the corporation. Any or all members who owe amounts to the corporation may be joined in such proceeding. C. Resignation and Termination

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(a) No proceeding may be brought by a creditor to reach
the liability, if any, of a member to the corporation unless
final judgment has been rendered in favor of the creditor
against the corporation and execution has been returned
unsatisfied in whole or in part or unless such proceeding would
be useless.
(b) All creditors of the corporation, with or without
reducing their claims to judgment, may intervene in any
creditor's proceeding brought under subsection (a) of this
section to reach and apply unpaid amounts due the corporation.
Any or all members who owe amounts to the corporation may be
joined in such proceeding.
C. Resignation and Termination