Wyoming Statutes

Wyo. Stat. § 17-16-1409 (2026)

Directors' duties.

✓ current as of May 2026

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(a) Directors shall cause the dissolved corporation to
discharge or make reasonable provision for the payment of claims
and make distributions of assets to shareholders after payment
or provision for claims.

     (b) Directors of a dissolved corporation which has
disposed of claims under W.S. 17-16-1406, 17-16-1407 or
17-16-1408 shall not be liable for breach of this section with
respect to claims against the dissolved corporation.

                   B. Administrative Dissolution

Notes of Decisions

Cited in 1 case, 2012–2012 · leading case: United States v. Phoenix Fuel Corp., 904 F. Supp. 2d 1206 (D. Wyo. 2012).

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United States v. Phoenix Fuel Corp., 904 F. Supp. 2d 1206 (D. Wyo. 2012). · cites it 2× “” Wyo. Stat. Ann. § 17-16-1409 (a). Section 830(a), in turn, states that a member of the board of directors “shall act .”

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