Wyoming Statutes
§ 17-20-1202 — Mortgage or encumbrance of assets of a cooperative utility
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 20 WYOMING COOPERATIVE UTILITIES ACT·Art. 12 SALE OR ENCUMBRANCE OF ASSETS
(a)The board of directors, without authorization by the
members, shall have full power and authority:
(i)To borrow monies from any source and in such
amounts as the board may from time to time determine; and
(ii)To mortgage or otherwise pledge or encumber any
or all of the cooperative utility's properties or assets as
security therefor.
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Nearby Sections
15
§ 17-20-101
Short title§ 17-20-102
Applicability§ 17-20-104
Securities Act exemption§ 17-20-1101
(Reserved)§ 17-20-1102
(Reserved)§ 17-20-1103
Merger of 2 or more cooperative utilities§ 17-20-1104
(Reserved)§ 17-20-1105
(Reserved)§ 17-20-1110
(Reserved)§ 17-20-1111
(Reserved)§ 17-20-1112
Consolidation of 2 or more cooperative
utilities§ 17-20-1113
(Reserved)§ 17-20-1114
(Reserved)