Wyoming § 35-2-428 Securities for acquiring hospitals and related
facilities; obligation of trustees to holders; suit for default,
misuse of funds

Wyoming Statutes

§ 35-2-428 — Securities for acquiring hospitals and related facilities; obligation of trustees to holders; suit for default, misuse of funds

Wyoming § 35-2-428

Title 35Public Health and Safety

Ch. 2HOSPITALS, HEALTH CARE FACILITIES AND HEALTH

Art. 4HOSPITAL DISTRICTS

This text of Wyoming § 35-2-428 (Securities for acquiring hospitals and related facilities; obligation of trustees to holders; suit for default, misuse of funds) 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. § 35-2-428 (2026).

Text

The obligation of the trustees to the holders of the securities
shall be limited to applying the funds, as set forth above, to
the payment of interest and principal on said securities, and
the securities shall contain a provision to that effect. In the
event of default in the payment of said securities or the
interest thereon, and in the event that the trustees are
misusing such funds or not using them as provided by this act
and the resolution authorizing the securities, or in the event
of any other breach of any protective covenant or other
contractual limitation, then such holders, or any of them, may
bring suit against the trustees in the district court of the
county in which the hospital or any of its related facilities
including any facilities for senior health care as defined under

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The obligation of the trustees to the holders of the securities
shall be limited to applying the funds, as set forth above, to
the payment of interest and principal on said securities, and
the securities shall contain a provision to that effect. In the
event of default in the payment of said securities or the
interest thereon, and in the event that the trustees are
misusing such funds or not using them as provided by this act
and the resolution authorizing the securities, or in the event
of any other breach of any protective covenant or other
contractual limitation, then such holders, or any of them, may
bring suit against the trustees in the district court of the
county in which the hospital or any of its related facilities
including any facilities for senior health care as defined under
W.S. 35-2-1201(b), are located for the purpose of restraining
the trustees from using such funds for any purpose other than
the payment of the principal and interest on such securities in
the manner provided, or for any other appropriate remedy.