Wyoming § 9-7-125 Subsidiary corporation; economic development
loans

Wyoming Statutes

§ 9-7-125 — Subsidiary corporation; economic development loans

Wyoming § 9-7-125

Title 09Administration of the Government

Ch. 7COMMUNITY DEVELOPMENT, AND SCIENCE, TECHNOLOGY

Art. 1COMMUNITY DEVELOPMENT AUTHORITY

This text of Wyoming § 9-7-125 (Subsidiary corporation; economic development loans) 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. § 9-7-125 (2026).

Text

(a)The authority may charter a subsidiary corporation for the purpose of managing or originating economic development loans subject to the following conditions:

(i)The directors of the authority shall also be directors of the subsidiary corporation and are entitled to the same compensation and expenses for such service as provided by W.S. 9-7-104(b) so long as the services do not occur on the same day;

(ii)The subsidiary corporation shall not take equity positions through stock ownership in any corporation or association;

(iii)The subsidiary corporation is subject to the audit requirements of W.S. 9-7-116 and the financial supervision requirements of W.S. 9-7-105(b);

(iv)The subsidiary corporation shall not acquire or originate any economic development loans on and after the effective

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(a) The authority may charter a subsidiary corporation for
the purpose of managing or originating economic development
loans subject to the following conditions:
(i) The directors of the authority shall also be
directors of the subsidiary corporation and are entitled to the
same compensation and expenses for such service as provided by
W.S. 9-7-104(b) so long as the services do not occur on the same
day;
(ii) The subsidiary corporation shall not take equity
positions through stock ownership in any corporation or
association;
(iii) The subsidiary corporation is subject to the
audit requirements of W.S. 9-7-116 and the financial supervision
requirements of W.S. 9-7-105(b);
(iv) The subsidiary corporation shall not acquire or
originate any economic development loans on and after the
effective date of this act;
(v) This section is retroactive and prospective in
its application.