Wyoming § 17-19-854 Court-ordered indemnification

Wyoming Statutes

§ 17-19-854 — Court-ordered indemnification

Wyoming § 17-19-854

Title 17Corporations, Partnerships and Associations

Ch. 19WYOMING NONPROFIT CORPORATION ACT

Art. 8DIRECTORS AND OFFICERS

This text of Wyoming § 17-19-854 (Court-ordered indemnification) 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. § 17-19-854 (2026).

Text

Unless limited by a corporation's articles of incorporation, a
director of the corporation who is a party to a proceeding may
apply for indemnification to the court conducting the proceeding
or to another court of competent jurisdiction. On receipt of an
application, the court after giving any notice the court
considers necessary may order indemnification in the amount it
considers proper if it determines the director is entitled to
mandatory indemnification under W.S. 17-19-852, in which case
the court shall also order the corporation to pay the director's
reasonable expenses incurred to obtain court-ordered
indemnification.

Free access — add to your briefcase to read the full text and ask questions with AI

Unless limited by a corporation's articles of incorporation, a
director of the corporation who is a party to a proceeding may
apply for indemnification to the court conducting the proceeding
or to another court of competent jurisdiction. On receipt of an
application, the court after giving any notice the court
considers necessary may order indemnification in the amount it
considers proper if it determines the director is entitled to
mandatory indemnification under W.S. 17-19-852, in which case
the court shall also order the corporation to pay the director's
reasonable expenses incurred to obtain court-ordered
indemnification.