Wyoming Statutes
§ 17-19-854 — Court-ordered indemnification
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 19 WYOMING NONPROFIT CORPORATION ACT·Art. 8 DIRECTORS AND OFFICERS
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.
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Nearby Sections
15
§ 17-19-1001
Authority to amend§ 17-19-1002
Amendment by directors§ 17-19-1003
Amendment by directors and members§ 17-19-1004
Class voting by members on amendments§ 17-19-1005
Articles of amendment§ 17-19-1006
Restated articles of incorporation§ 17-19-1007
Amendment pursuant to judicial reorganization§ 17-19-1008
Effect of amendment§ 17-19-101
Short title§ 17-19-102
Reservation of power to amend or repeal§ 17-19-1020
Amendment by directors§ 17-19-1021
Amendment by directors and members§ 17-19-1022
Class voting by members on amendments§ 17-19-1030
Approval by third persons