Public-domain · open source
OpenJurist

Wyo. Stat. Ann. § 17-18-117

Voting indirectly owned shares

Known as the Wyoming Management Stability Act

The act spans §§ 17-18-101 to 17-18-121 (21 sections).

Effective January 1, 1990, notwithstanding W.S. 17-16-721(b) a qualified corporation may elect to allow the voting of shares which are owned directly or indirectly by a second corporation, a majority of whose shares entitled to vote for directors of the second corporation are owned by the first corporation. The election shall be made in the articles of incorporation as amended. The number of such shares that may be voted is limited to forty percent (40%) of the total shares of that class outstanding.

Official source: Wyoming Legislature. Reproduced from public-domain Wyoming statutes; confirm against the official source for the current text. Not legal advice.