Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 17-10-250 - Court-Supervised Dissolution Order — Wyoming Law | CourtGPT
  1. Home/
  2. Laws/
  3. Wyoming/
  4. Title 17 - Corporations, Partnerships and Associations/
  5. Chapter 10 - Cooperative Marketing Associations/
  6. Article 2 - Processing Cooperative/
  7. Section 17-10-250 - Court-Supervised Dissolution Order
Wyoming Legal Code

Section 17-10-250 - Court-Supervised Dissolution Order

Ask AI about this
17-10-250. Court-supervised dissolution order. (a) In an involuntary or supervised voluntary dissolution after the costs and expenses of the proceedings and all debts, obligations and liabilities of the cooperative have been paid or discharged and the remaining property and assets have been distributed to its members or, if its property and assets are not sufficient to satisfy and discharge the costs, expenses, debts, obligations and liabilities, when all the property and assets have been applied so far as they will go to their payment according to their priorities, the court shall enter an order dissolving the cooperative. (b) When the order dissolving the cooperative or association has been entered, the cooperative or association is dissolved.

17-10-250. Court-supervised dissolution order. (a) In an involuntary or supervised voluntary dissolution after the costs and expenses of the proceedings and all debts, obligations and liabilities of the cooperative have been paid or discharged and the remaining property and assets have been distributed to its members or, if its property and assets are not sufficient to satisfy and discharge the costs, expenses, debts, obligations and liabilities, when all the property and assets have been applied so far as they will go to their payment according to their priorities, the court shall enter an order dissolving the cooperative. (b) When the order dissolving the cooperative or association has been entered, the cooperative or association is dissolved.