Wyoming Statutes
§ 40-31-109 — Limitations on liability
(a)The state shall not be liable to any person for any
amount beyond the notional value of the fund maintained in the
Wyoming stable token trust account. Any Wyoming stable tokens
issued under this act are payable and collectable solely out of
the Wyoming stable token trust account. Token holders shall not
look to any general or other state fund for redemption of any
Wyoming stable tokens. The Wyoming stable tokens shall not
constitute any indebtedness or a debt within the meaning of any
constitutional or statutory provision or limitation. The tokens
shall not be considered or held to be general obligations of the
state but shall constitute special obligations of the state and
the commission shall not pledge the state's full faith and
credit for redemption of any Wyoming stable token.
(b)
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Nearby Sections
10
§ 40-31-101
Short title§ 40-31-102
Definitions§ 40-31-103
Wyoming stable token commission§ 40-31-104
Wyoming stable token value; limitations§ 40-31-105
Powers of the commission§ 40-31-106
Wyoming stable token accounts§ 40-31-107
Redemption§ 40-31-108
Notice of limitations§ 40-31-109
Limitations on liability§ 40-31-110
Bidding requirements; contract procedures