Wyoming § 17-19-622 Purchase of memberships

Wyoming Statutes

§ 17-19-622 — Purchase of memberships

Wyoming § 17-19-622

Title 17Corporations, Partnerships and Associations

Ch. 19WYOMING NONPROFIT CORPORATION ACT

Art. 6MEMBERS AND MEMBERSHIPS

This text of Wyoming § 17-19-622 (Purchase of memberships) 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. § 17-19-622 (2026).

Text

(a)A public benefit or religious corporation may not purchase any of its memberships or any right arising therefrom.

(b)A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws. No payment shall be made in violation of article 13 of this act. D. Derivative Suits

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(a) A public benefit or religious corporation may not
purchase any of its memberships or any right arising therefrom.
(b) A mutual benefit corporation may purchase the
membership of a member who resigns or whose membership is
terminated for the amount and pursuant to the conditions set
forth in or authorized by its articles or bylaws. No payment
shall be made in violation of article 13 of this act.
D. Derivative Suits