Title 17 · WY
17-16-830.
Citation: Wyo. Stat. § 17-16-830
Section: 17-16-830
17-16-830.
(b) A director held liable under subsection (a) of this section for an unlawful distribution is entitled to:
(i) Contribution from every other director who could be held liable under subsection (a) of this section for the unlawful distribution; and
(ii) Recoupment from each shareholder of the pro-rata portion of the amount of the unlawful distribution the shareholder accepted knowing the distribution was made in violation of W.S. 17-16-640 or 17-16-1409(a).
(c) A proceeding to enforce:
(i) The liability of a director under subsection (a) of this section is barred unless it is commenced within two (2) years after the date:
(A) On which the effect of the distribution was measured under W.S. 17-16-640(e) or (g);
(B) As of which the violation of W.S.