Wyoming Statutes

Wyo. Stat. § 17-19-1301 (2026)

Prohibited distributions.

✓ current as of May 2026

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

Notes of Decisions

Cited in 1 case (1 in the last 5 years), 2022–2022 · leading case: Tram Tower Townhouse Ass'n v. Beryl Weiner & Leonard Dvorson Neal Norman & Melissa Norman, as Trs. of the Norman Holdings Trust Under Agreement Dated July 12, 2005 Aconcagua Capital, Llc Cliff Bruder Ann Bruder Margaret Armstrong James A. Krentler, as Tr. 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 & Michael Healy, 2022 WY 58 (Wyo. 2022).

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Tram Tower Townhouse Ass'n v. Beryl Weiner & Leonard Dvorson Neal Norman & Melissa Norman, as Trs. of the Norman Holdings Trust Under Agreement Dated July 12, 2005 Aconcagua Capital, Llc Cliff Bruder Ann Bruder Margaret Armstrong James A. Krentler, as Tr. 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 & Michael Healy, 2022 WY 58 (Wyo. 2022). · cites it 8× “First, they argued the 1998 conveyance could not have violated Wyo. Stat. Ann. § 17-19-1301 , the statute 5 prohibiting nonprofits from making distributions, because the Association never held the Phase II Land as an asset.”

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