1-19-108. Liability of shares pledged or used as collateral.
When shares of any corporation are pledged in good faith, or pledged as collateral security for any loan or debt, and the certificate is delivered upon the pledge or debt, the shares are not liable to be taken on execution against the pledgor except for the excess of their value over the sum for which they have been pledged.
Structure Wyoming Statutes
Title 1 - Code of Civil Procedure
Chapter 19 - Sale of Corporate Stock Under Execution or Attachment
Section 1-19-101 - Right to Levy and Sale.
Section 1-19-102 - Duty to Furnish Statement of Defendant's Rights or Shares.
Section 1-19-103 - Manner of Making Levy.
Section 1-19-104 - Sale of Rights or Shares.
Section 1-19-105 - Certificate of Sale; Transfer on Corporate Books.
Section 1-19-106 - Rights and Privileges of Purchasers.
Section 1-19-107 - Effect of Levy.
Section 1-19-108 - Liability of Shares Pledged or Used as Collateral.