Wyoming § 1-31-127 - Limitation upon time of bringing action against corporations or officer.
Full text of Wyoming Wyoming Statutes Annotated § 1-31-127 — Limitation upon time of bringing action against corporations or officer., with citation guidance and answers to common questions.
§ 1-31-127. Limitation upon time of bringing action against corporations or officer.
Nothing in W.S. 1-31-101 through 1-31-130 shall authorize an action against a corporation for forfeiture of charter unless commenced within five (5) years after the act complained of was committed. An action may not be brought against a corporation for the exercise of a power or franchise under its charter which it has exercised for a term of twenty (20) years, nor may an action be brought against an officer to oust him from his office unless within three (3) years after the cause of the ouster or the right to hold the office arose.
Source: official Wyoming text · Last verified 2026-08-27
Frequently Asked Questions About Wyoming § 1-31-127
What does Wyoming Statutes Annotated § 1-31-127 cover?
Section 1-31-127 ("Limitation upon time of bringing action against corporations or officer.") 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 § 1-31-127?
A common citation format is "Wyoming Statutes Annotated § 1-31-127" (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 § 1-31-127 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.