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Wyo. Stat. Ann. § 17-29-111

Operating agreement; effect on limited liability company and persons becoming members; preformation agreement

Known as the Wyoming Limited Liability Company Act

The act spans §§ 17-29-1001 to 17-29-906 (80 sections).

Applied in 1 court decision — leading case 2025 UT App 18 - Smart Tech Development v. Pink Water Harvesting (2025)

Most recently applied in 2025 UT App 18 - Smart Tech Development v. Pink Water Harvesting (February 2025)

(a) A limited liability company is bound by and may enforce the operating agreement, whether or not the company has itself manifested assent to the operating agreement.

(b) A person that becomes a member of a limited liability company is deemed to assent to the operating agreement.

(c) Two (2) or more persons intending to become the initial members of a limited liability company may make an agreement providing that upon the formation of the company the agreement will become the operating agreement. One (1) person intending to become the initial member of a limited liability company may assent to terms providing that upon the formation of the company the terms will become the operating agreement.

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