Wyoming Statutes
§ 17-32-123 — If in a record, a nonprofit association's governing principles may broaden or limit this right of indemnification
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 32 WYOMING DECENTRALIZED UNINCORPORATED NONPROFIT
(c)If a person is made, or threatened to be made, a party
in a proceeding based on that person's conduct in the affairs of
a decentralized unincorporated nonprofit association, that
person is entitled, upon written request to the nonprofit
association, including through decentralized ledger technology,
to receive payment of or reimbursement by the nonprofit
association, of reasonable expenses, including attorney's fees
and disbursements, incurred by that person in advance of the
final disposition of the proceeding. To be entitled to these
payments or advances the person making the request shall make a
written affirmation that the person has a good faith belief that
the criteria for indemnification in subsection (a) of this
section have been satisfied and that the person will repay the
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Wyoming § 17-32-123 (If in a record, a nonprofit association's governing principles may broaden or limit this right of indemnification) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 17-32-101
Short title§ 17-32-102
Definitions§ 17-32-103
Governing law; territorial application§ 17-32-104
Profits; prohibitions on distributions and
dividends; compensation and other permitted payments§ 17-32-106
Statement of authority as to real property§ 17-32-107
Liability in tort or contract§ 17-32-108
Capacity to assert and defend; standing§ 17-32-109
Effect of judgement or order§ 17-32-111
Summons and complaint; service on whom§ 17-32-113
Venue§ 17-32-116
Member resignation