Liability of Directors for Excess of Indebtedness Over Assets or Capital.

  1. Law
  2. Wyoming Statutes
  3. Corporations, Partnerships and Associations
  4. Cooperative Marketing Associations
  5. In General
  6. Liability of Directors for Excess of Indebtedness Over Assets or Capital.

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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.


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