§ 17-32-123 — If in a record, a nonprofit association's governing principles may broaden or limit this right of indemnification

Wyoming § 17-32-123

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 32: WYOMING DECENTRALIZED UNINCORPORATED NONPROFIT

Text

(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
amounts paid or reimbursed if it is determined that the criteria
for reimbursement have not been satisfied. No payment or
reimbursement under this subsection shall be made without prior
approval, in a record, of the disinterested members under W.S.