Net earnings and surplus shall be determined by the board of directors, after providing for such reserves as said directors deem desirable, and the determination of the directors made in good faith shall be conclusive on all persons.
Wyo. Stat. Ann. § 17-11-111
Determination of net earnings and surplus
Known as the Wyoming Industrial Corporation Act
The act spans §§ 17-11-101 to 17-11-120 (20 sections).
Official source: Wyoming Legislature. Reproduced from public-domain Wyoming statutes; confirm against the official source for the current text. Not legal advice.