Section 17-18-403 – Prohibition Against Waivers.
17-18-403. Prohibition against waivers. A condition, stipulation or other provision in an agreement or transaction between any shareholders of a corporation that purports to waive compliance with or the rights afforded stockholders under this act is void.
Section 17-18-402 – Conflict of Laws.
17-18-402. Conflict of laws. If a provision of this act conflicts with another provision of the Wyoming Business Corporation Act, the provision of this act controls.
Section 17-18-307 – Redemption.
17-18-307. Redemption. (a) Control shares acquired in a control share acquisition may be redeemed by the corporation at fair value pursuant to the procedures adopted by the corporation at any time during the period ending sixty (60) days after the last acquisition of control shares by the acquiring person if the control shares are not […]
Section 17-18-308 – Rights of Dissenters; “Fair Value” Defined.
17-18-308. Rights of dissenters; “fair value” defined. (a) A shareholder of the issuing public corporation, other than the acquiring person, who does not vote in favor of the control share acquisition may dissent from any proposal to accord voting rights to the control shares over which voting power was or is to be acquired in […]
Section 17-18-309 – Application.
17-18-309. Application. (a) The provisions of this article shall not apply to a control share acquisition if, at the time the issuing public corporation receives an acquiring person statement with respect to the control share acquisition, the articles of incorporation or bylaws of the issuing public corporation contain a provision expressly electing not to be […]
Section 17-18-401 – No Effect on Other Actions; No Liability.
17-18-401. No effect on other actions; no liability. This act does not effect, directly or indirectly, the validity of another action by the board of directors of a corporation, nor does it preclude the board of directors from taking other action in accordance with law. The board of directors incurs no liability for elections made […]
Section 17-18-302 – Control Share Voting Rights.
17-18-302. Control share voting rights. (a) Control shares of an issuing public corporation acquired in a control share acquisition do not have voting rights unless conferred by a vote of shareholders pursuant to W.S. 17-18-306. (b) Control shares for which voting rights have not been conferred under W.S. 17-18-306 are not considered outstanding shares for […]
Section 17-18-303 – Notice of Control Share Acquisition; Acquiring Person Statement.
17-18-303. Notice of control share acquisition; acquiring person statement. (a) Any person who proposes to make a control share acquisition may, and any person who has made a control share acquisition shall, deliver an acquiring person statement to the issuing public corporation at the issuing public corporation’s principal office. The acquiring person statement shall contain […]
Section 17-18-304 – Shareholder Special Meeting.
17-18-304. Shareholder special meeting. (a) If the acquiring person requests a special meeting at the time of delivery of an acquiring person statement pursuant to W.S. 17-18-303 and agrees to pay the corporation’s expenses of a special meeting, the directors of the issuing public corporation shall call a special meeting of shareholders of the issuing […]
Section 17-18-305 – Notice of Shareholder Meeting.
17-18-305. Notice of shareholder meeting. (a) The issuing public corporation shall give notice of a special meeting of shareholders requested pursuant to W.S. 17-18-304 as promptly as practicable to each shareholder of record as of the record date set for the meeting, whether or not the shareholder is entitled to vote at the meeting. (b) […]