Wyo. Stat. Ann. § 17-19-1301

Prohibited distributions

Applied in 1 court decision — leading case Tram Tower Townhouse Association v. Beryl Weiner and Leonard Dvorson Neal Norman and Melissa Norman, as Trustees of the Norman Holdings Trust Under Agreement Dated July 12, 2005 Aconcagua Capital, Llc Cliff Bruder Ann Bruder Margaret Armstrong James A. Krentler, as Trustee of the James Krentler Trust Under Agreement Dated April 8, 1987 Frank Perna, Jr. A/K/A Frank Perna John L. Kemmerer, Iii Constance Kemmerer and Michael Healy (2022)

Most recently applied in Tram Tower Townhouse Association v. Beryl Weiner and Leonard Dvorson Neal Norman and Melissa Norman, as Trustees of the Norman Holdings Trust Under Agreement Dated July 12, 2005 Aconcagua Capital, Llc Cliff Bruder Ann Bruder Margaret Armstrong James A. Krentler, as Trustee of the James Krentler Trust Under Agreement Dated April 8, 1987 Frank Perna, Jr. A/K/A Frank Perna John L. Kemmerer, Iii Constance Kemmerer and Michael Healy (May 2022)

Except as authorized by W.S. 17-19-1302, a corporation shall not make any distributions.

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