Wyoming Statutes
§ 17-14-904 — Distribution of assets
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 14 LIMITED PARTNERSHIPS·Art. 9 DISSOLUTION
(a)Upon the winding up of a limited partnership, the
assets shall be distributed as follows:
(i)To creditors, including partners who are
creditors, to the extent permitted by law, in satisfaction of
liabilities of the limited partnership other than liabilities
for distributions to partners under W.S. 17-14-701 or 17-14-704;
(ii)Except as provided in the partnership agreement,
to partners and former partners in satisfaction of liabilities
for distributions under W.S. 17-14-701 or 17-14-704; and
(iii)Except as provided in the partnership
agreement, to partners first for the return of their
contributions and secondly respecting their partnership
interests, in the proportions in which the partners share in
distributions.
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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Repealed by Laws 1979, ch. 153, § 3§ 17-14-1010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