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Title 17 Corporations, Partnerships and Associations

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Change 1

What to do with it
As published

17-16-809. Removal of directors by judicial proceeding.

(a) The district court of the county where a corporation's principal office, or if none in this state, its registered office, is located may remove a director of the corporation from office in a proceeding commenced by or in the right of the corporation if the court finds that: (i) The director engaged in fraudulent conduct with respect to the corporation or its shareholders, grossly abused the position of director, or intentionally inflicted harm on the corporation; and (ii) Considering the director's course of conduct and the inadequacy of other available remedies, removal would be in the best interest of the corporation. (b) A shareholder proceeding on behalf of the corporation under subsection (a) of this section shall comply with all of the requirements of W.S. 17-16-740 through 17-16-747 excluding W.S. 17-16-741(a)(i). (c) The court in addition to removing a director may bar the director from reelection for a period prescribed by the court. (d) Nothing in this section limits the equitable powers of the court to order other relief including, but not limited to, an award of expenses.

Your change, as a redline

17-16-809. Removal of directors by judicial proceeding.

(a) The district court of the county where a corporation's principal office, or if none in this state, its registered office, is located may remove a director of the corporation from office in a proceeding commenced by or in the right of the corporation if the court finds that: (i) The director engaged in fraudulent conduct with respect to the corporation or its shareholders, grossly abused the position of director, or intentionally inflicted harm on the corporation; and (ii) Considering the director's course of conduct and the inadequacy of other available remedies, removal would be in the best interest of the corporation. (b) A shareholder proceeding on behalf of the corporation under subsection (a) of this section shall comply with all of the requirements of W.S. 17-16-740 through 17-16-747 excluding W.S. 17-16-741(a)(i). (c) The court in addition to removing a director may bar the director from reelection for a period prescribed by the court. (d) Nothing in this section limits the equitable powers of the court to order other relief including, but not limited to, an award of expenses.

One line that says what changes, such as "Halve the dog tax".

Who it helps, what it costs, what it fixes. It is what persuades people to support it.

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