Wyoming Statutes
§ 17-14-708 — Liability upon return of contribution
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 14 LIMITED PARTNERSHIPS·Art. 7 DISTRIBUTIONS AND WITHDRAWAL
(a)If a partner has received the return of any part of
his contribution without violation of the partnership agreement
or this act, he is liable to the limited partnership for a
period of one (1) year thereafter for the amount of the returned
contribution, but only to the extent necessary to discharge the
limited partnership's liabilities to creditors who extended
credit to the limited partnership during the period the
contribution was held by the partnership.
(b)If a partner has received the return of any part of
his contribution in violation of the partnership agreement or
this act, he is liable to the limited partnership for a period
of six (6) years thereafter for the amount of the contribution
wrongfully returned.
(c)A partner receives a return of his contribution to the
extent tha
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Nearby Sections
15
§ 17-14-1001
Law governing§ 17-14-1002
Registration§ 17-14-1003
Issuance of registration§ 17-14-1004
Name§ 17-14-1005
Changes and amendments§ 17-14-1006
Cancellation of registration§ 17-14-1007
Transaction of business without registration§ 17-14-1008
Action by secretary of state§ 17-14-1009
Applicability of other provisions§ 17-14-101
Repealed by Laws 1979, ch. 153, § 3§ 17-14-1010
Continuance of a foreign limited partnership§ 17-14-1012
Execution of application§ 17-14-1013
Issuance of certificate of continuance§ 17-14-1014
Effect of certification