Public-domain · open source
OpenJurist

Wyo. Stat. Ann. § 17-21-603

Effect of partner's dissociation

Known as the Uniform Partnership Act

The act spans §§ 17-21-1001 to 17-21-907 (64 sections).

(a) A dissociated partner's interest in the partnership shall be purchased pursuant to article 7 of this chapter unless the partner's dissociation results in a dissolution and winding up of the partnership business under article 8 of this chapter.

(b) Upon a partner's dissociation, that partner's right to participate in the management and conduct of the partnership business is terminated, except as provided in W.S. 17-21-804, and that partner's duties under:

(i) W.S. 17-21-404(b)(i) and (ii) and (d) continue only with regard to matters or events that occurred before the dissociation; and (ii) W.S. 17-21-404(b)(iii) terminate.

Official source: Wyoming Legislature. Reproduced from public-domain Wyoming statutes; confirm against the official source for the current text. Not legal advice.