Wyoming § 35-2-714 Securities for acquiring hospitals and related
facilities; obligation of trustees to holders; suit for default,
misuse of funds

Wyoming Statutes

§ 35-2-714 — Securities for acquiring hospitals and related facilities; obligation of trustees to holders; suit for default, misuse of funds

Wyoming § 35-2-714

Title 35Public Health and Safety

Ch. 2HOSPITALS, HEALTH CARE FACILITIES AND HEALTH

Art. 7RURAL HEALTH CARE DISTRICTS

This text of Wyoming § 35-2-714 (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. § 35-2-714 (2026).

Text

The obligation of the trustees to the holders of the securities
shall be limited to applying the funds to the payment of
interest and principal on the securities and the securities
shall contain a provision to that effect. In the event of
default in the payment of the securities or the interest thereon
and in the event that the trustees are misusing the funds or not
using the funds as provided by W.S. 35-2-711 through 35-2-722
and the resolution authorizing the securities, or in the event
of any other breach of any protective covenant or other
contractual limitation, then any holder may bring suit against
the trustees in the district court of the county in which the
rural health care district or any of its facilities are located
for the purpose of restraining the trustees from using the fu

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The obligation of the trustees to the holders of the securities
shall be limited to applying the funds to the payment of
interest and principal on the securities and the securities
shall contain a provision to that effect. In the event of
default in the payment of the securities or the interest thereon
and in the event that the trustees are misusing the funds or not
using the funds as provided by W.S. 35-2-711 through 35-2-722
and the resolution authorizing the securities, or in the event
of any other breach of any protective covenant or other
contractual limitation, then any holder may bring suit against
the trustees in the district court of the county in which the
rural health care district or any of its facilities are located
for the purpose of restraining the trustees from using the funds
for any purpose other than the payment of the principal and
interest on the securities in the manner provided or for any
other appropriate remedy.