US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Home » US Law » 2022 Wyoming Statutes » Title 17 - Corporations, Partnerships and Associations » Chapter 10 - Cooperative Marketing Associations » Article 1 - In General » Section 17-10-114 – Liability of Directors for Excess of Indebtedness Over Assets or Capital.

17-10-114. Liability of directors for excess of indebtedness over assets or capital.

If the indebtedness of such corporation shall at any time exceed the amount of the assets of a nonstock corporation or the amount of subscribed capital stock of a stock company, the directors assenting thereto shall be personally and individually liable for such excess to the creditors.