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Section 17-16-1409 - Directors' Duties — Wyoming Law | CourtGPT
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  7. Section 17-16-1409 - Directors' Duties
Wyoming Legal Code

Section 17-16-1409 - Directors' Duties

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17-16-1409. Directors' duties. (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

17-16-1409. Directors' duties. (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