Title 17, Title 17 — Corporations, Partnerships And Associations
32 chapters · 1,021 sections in this title.
W.S. § 17-20-101 Short title
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Short title. This act shall be known and may be cited as the "Wyoming Cooperative Utilities Act".
W.S. § 17-20-102 Applicability
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Applicability. This act shall apply to cooperative utilities.
W.S. § 17-20-103 Application of the Wyoming Nonprofit Corporation Act
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Application of the Wyoming Nonprofit Corporation Act. Each cooperative utility shall be governed by the provisions of the Wyoming Nonprofit Corporation Act, W.S. 17-19-101 through 17-19-1807, except insofar as they may be inconsistent with the provisions of this act.
W.S. § 17-20-104 Securities Act exemption
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Securities Act exemption. The provisions of chapter 4 of title 17 of the Wyoming statutes shall not apply to any note, bond or other evidence of indebtedness issued by any cooperative utility to the United States or any agency or any instrumentality thereof, to any mortgage or de…
W.S. § 17-20-140 General definitions
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General definitions. (a) As used in this act: (i) "Cooperative utility" means a corporation organized under any law of this state or under the law of any other jurisdiction, for a purpose other than the conduct of business for profit and includes, but is not limited to, corporati…
W.S. § 17-20-202 Articles of incorporation
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Articles of incorporation. (a) In addition to the requirements set forth in W.S. 17-19-202, each corporation organized under this act shall state, in its articles, that it is a cooperative utility. (b) Each corporation incorporating under this act shall be considered a mutual ben…
W.S. § 17-20-601 Admission
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Admission. (a) No person who is not an incorporator shall become a member of a cooperative utility unless the person agrees to use the services furnished by the cooperative utility on a continuing basis when such services shall be available through its facilities. The bylaws may …
W.S. § 17-20-603 Requirement of members
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Requirement of members. A cooperative utility is required to have members.
W.S. § 17-20-722 Quorum requirements
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Quorum requirements. Except for member votes on mergers, consolidations, sale or disposition of assets, and dissolutions, ten percent (10%) of all members of the cooperative utility present in person or by proxy or one hundred (100) members present in person, whichever is fewer, …
W.S. § 17-20-728 Election of directors
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Election of directors. The bylaws may provide that the territory in which a cooperative utility supplies service to its members shall be divided into two (2) or more director districts, and in respect to each such director district shall describe the boundaries thereof and design…
W.S. § 17-20-729 Amendment of bylaws
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Amendment of bylaws. (a) Notwithstanding W.S. 17-19-1021(a)(i) and (ii), a cooperative utility may amend its bylaws not inconsistent with its articles of incorporation by a two-thirds (2/3) vote of the board of directors after notice as required by this section. (b) A cooperative…
W.S. § 17-20-1103 Merger of 2 or more cooperative utilities
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Merger of 2 or more cooperative utilities. Unless this act, the articles, bylaws or the board of directors or members, acting pursuant to W.S. 17-19-1103(c) require a greater vote, a plan of merger involving two (2) or more cooperative utilities to be adopted shall be approved as…
W.S. § 17-20-1106 Merger with entity other than a cooperative utility
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Merger with entity other than a cooperative utility. (a) A cooperative utility may merge with any entity if: (i) The merger is permitted by the law of the state or country under whose law the entity is organized and existing and each entity complies with that law in effecting the…
W.S. § 17-20-1112 Consolidation of 2 or more cooperative utilities
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Consolidation of 2 or more cooperative utilities. Unless this act, the articles, bylaws or the board of directors or members, acting pursuant to W.S. 17-19-1112(c) require a greater vote, a plan of consolidation involving two (2) or more cooperative utilities to be adopted shall …
W.S. § 17-20-1115 Consolidation with entity other than a cooperative utility
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Consolidation with entity other than a cooperative utility. (a) A cooperative utility may consolidate with any entity if: (i) The consolidation is permitted by the law of the state or country under whose law the entity is organized and existing and each entity complies with that …
W.S. § 17-20-1201 Sale or disposition of assets of a cooperative utility
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Sale or disposition of assets of a cooperative utility. (a) A cooperative utility shall not sell, lease or otherwise dispose of all or any substantial portion of its property, when the action is not in the regular course of activities, except as provided in this section. (b) Befo…
W.S. § 17-20-1202 Mortgage or encumbrance of assets of a cooperative utility
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Mortgage or encumbrance of assets of a cooperative utility. (a) The board of directors, without authorization by the members, shall have full power and authority: (i) To borrow monies from any source and in such amounts as the board may from time to time determine; and (ii) To mo…
W.S. § 17-20-1301 Patronage capital contributions, allocations and refunds; deposits and advance payments
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Patronage capital contributions, allocations and refunds; deposits and advance payments. (a) Cooperative utilities organized under this act may make distributions to members in the form of patronage capital contributions, allocations and refunds. The bylaws shall provide for patr…
W.S. § 17-20-1402 Dissolution by directors, members and third persons
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Dissolution by directors, members and third persons. Unless this act, the articles, bylaws or the board of directors or members, acting pursuant to W.S. 17-19-1402(c) require a greater vote, dissolution is authorized if it is approved as provided by W.S. 17-19-1402(a)(i) and (iii…
W.S. § 17-20-1801 Application
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Application. This act applies to all cooperative utilities, including rural electric associations, whether formed before the effective date of this act or not.