Wyoming § 1-31-119 Judgment against corporations; appointment of
trustees when corporation dissolved; bond required; powers
generally

Wyoming Statutes

§ 1-31-119 — Judgment against corporations; appointment of trustees when corporation dissolved; bond required; powers generally

Wyoming § 1-31-119

Title 01Civil Procedure

Ch. 31QUO WARRANTO

This text of Wyoming § 1-31-119 (Judgment against corporations; appointment of trustees when corporation dissolved; bond required; powers generally) 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. § 1-31-119 (2026).

Text

The court rendering a judgment dissolving a corporation shall
appoint trustees of the creditors and stockholders of the
corporation who, after giving a bond payable to the state of
Wyoming in a sum and with sureties as the court may designate,
conditioned that they will faithfully discharge their trust and
properly pay and apply all money that may come into their hands,
shall have power to settle the affairs of the corporation,
collect and pay outstanding debts and divide among the
stockholders the money and other property which remains after
the payment of debts and necessary expenses.

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The court rendering a judgment dissolving a corporation shall
appoint trustees of the creditors and stockholders of the
corporation who, after giving a bond payable to the state of
Wyoming in a sum and with sureties as the court may designate,
conditioned that they will faithfully discharge their trust and
properly pay and apply all money that may come into their hands,
shall have power to settle the affairs of the corporation,
collect and pay outstanding debts and divide among the
stockholders the money and other property which remains after
the payment of debts and necessary expenses.