distributions

W.S. § 17-16-833 — under Chapter 16 — Wyoming Business Corporation Act.

W.S. § 17-16-833

distributions. Director's liability for unlawful (a) A director who votes for or assents to a distribution in excess of what may be authorized and made pursuant to W.S. 17-16-640 or 17-16-1409(a) is personally liable to the corporation for the amount of the distribution that exceeds what could have been distributed without violating W.S. 17-16-640 or 17-16-1409(a) if the party asserting liability establishes that when taking the action the director did not comply with W.S.