Wyoming Statutes
§ 17-32-125 — Indemnification; advancement of expenses
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 32 WYOMING DECENTRALIZED UNINCORPORATED NONPROFIT
(a)Unless otherwise provided in its governing principles,
a decentralized unincorporated nonprofit association may
reimburse a member or administrator for authorized expenses
reasonably incurred on behalf of the nonprofit association.
(b)A decentralized unincorporated nonprofit association
may indemnify a member or administrator for any debt, obligation
or other liability incurred in the course of the member or
administrator's activities on behalf of the nonprofit
association. To be eligible for indemnification, an
administrator must have complied with the duties stated in W.S.
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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