Wyoming § 1-31-119 - Judgment against corporations; appointment of trustees when corporation dissolved; bond required; powers generally.
Full text of Wyoming Wyoming Statutes Annotated § 1-31-119 — Judgment against corporations; appointment of trustees when corporation dissolved; bond required; powers generally., with citation guidance and answers to common questions.
§ 1-31-119. Judgment against corporations; appointment of trustees when corporation dissolved; bond required; powers generally.
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.
Source: official Wyoming text · Last verified 2026-08-27
Frequently Asked Questions About Wyoming § 1-31-119
What does Wyoming Statutes Annotated § 1-31-119 cover?
Section 1-31-119 ("Judgment against corporations; appointment of trustees when corporation dissolved; bond required; powers generally.") is part of the Wyoming Statutes Annotated, the codified statutory law of Wyoming. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wyoming § 1-31-119?
A common citation format is "Wyoming Statutes Annotated § 1-31-119" (Wyoming). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wyoming law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wyoming official source linked on this page or consult a licensed Wyoming attorney.
How does Wyoming § 1-31-119 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wyoming can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wyoming.