Wyoming § 17-14-703 Withdrawal of limited partner

Wyoming Statutes

§ 17-14-703 — Withdrawal of limited partner

Wyoming § 17-14-703

Title 17Corporations, Partnerships and Associations

Ch. 14LIMITED PARTNERSHIPS

Art. 7DISTRIBUTIONS AND WITHDRAWAL

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Bluebook

Wyo. Stat. Ann. § 17-14-703 (2026).

Text

(a)A limited partner may withdraw from a limited partnership at the time or upon the happening of events specified in writing in the partnership agreement. If the agreement does not specify in writing the time or the events upon the happening of which a limited partner may withdraw or a definite time for the dissolution and winding up of the limited partnership, a limited partner may withdraw upon not less than six (6) months prior written notice to each general partner at his address on the books of the limited partnership at its office in this state. The provisions of this subsection shall apply to limited partnerships formed under this act prior to July 1, 1999, unless the limited partnership properly adopts the provisions of subsection (b) of this section.

(b)A limited partner may on

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(a) A limited partner may withdraw from a limited
partnership at the time or upon the happening of events
specified in writing in the partnership agreement. If the
agreement does not specify in writing the time or the events
upon the happening of which a limited partner may withdraw or a
definite time for the dissolution and winding up of the limited
partnership, a limited partner may withdraw upon not less than
six (6) months prior written notice to each general partner at
his address on the books of the limited partnership at its
office in this state. The provisions of this subsection shall
apply to limited partnerships formed under this act prior to
July 1, 1999, unless the limited partnership properly adopts the
provisions of subsection (b) of this section.
(b) A limited partner may only withdraw from a limited
partnership at the time or upon the happening of events
specified in writing in the partnership agreement. This
subsection applies to limited partnerships formed under this act
on or after July 1, 1999. A limited partnership formed under
this act prior to July 1, 1999, may adopt the provisions of this
subsection by filing a certificate of amendment with the
secretary of state after July 1, 1999 that expressly refers to
and adopts this subsection.