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Section 17-10-114 - Liability of Directors for Excess of Indebtedness Over Assets or Capital — Wyoming Law | CourtGPT
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  7. Section 17-10-114 - Liability of Directors for Excess of Indebtedness Over Assets or Capital
Wyoming Legal Code

Section 17-10-114 - 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.

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.