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Current as of January 01, 2024 | Updated by Findlaw Staff
The court rendering a judgment dissolving a corporation shall appoint trustees of the creditors and stockholders of the corporation who, after giving a bond payable to the state of Wyoming in a sum and with sureties as the court may designate, conditioned that they will faithfully discharge their trust and properly pay and apply all money that may come into their hands, shall have power to settle the affairs of the corporation, collect and pay outstanding debts and divide among the stockholders the money and other property which remains after the payment of debts and necessary expenses.
Cite this article: FindLaw.com - Wyoming Statutes Title 1. Code of Civil Procedure § 1-31-119. Judgment against corporations; appointment of trustees when corporation dissolved; bond required; powers generally - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-1-code-of-civil-procedure/wy-st-sect-1-31-119/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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