§ 17-14-202 — Definitions

Wyoming § 17-14-202

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 14: LIMITED PARTNERSHIPS
• Art. 2: GENERAL PROVISIONS

Text

(a) As used in this act, unless the context otherwise
requires:
(i) "Certificate of limited partnership" means the
certificate referred to in W.S. 17-14-301, and the certificate
as amended or restated;
(ii) "Contribution" means any cash, property,
services rendered, or a promissory note or other binding
obligation to contribute cash or property or to perform
services, which a partner contributes to a limited partnership
in his capacity as a partner;
(iii) "Event of withdrawal of a general partner"
means an event that causes a person to cease to be a general
partner as provided in W.S. 17-14-502;
(iv) "Foreign limited partnership" means a
partnership formed under the laws of any state other than this
state and having as partners one (1) or more general partners
and one (1) or more limited partners;
(v) "General partner" means a person who has been
admitted to a limited partnership as a general partner in
accordance with the partnership agreement and named in the
certificate of limited partnership as a general partner;
(vi) "Limited partner" means a person who has been
admitted to a limited partnership as a limited partner in
accordance with the partnership agreement;
(vii) "Limited partnership" and "domestic limited
partnership" mean a partnership formed by two (2) or more
persons under the laws of this state and having one (1) or more
general partners and one (1) or more limited partners;
(viii) "Partner" means a limited or general partner;
(ix) "Partnership agreement" means any valid
agreement, written or oral, of the partners as to the affairs of
a limited partnership and the conduct of its business;
(x) "Partnership interest" means a partner's share of
the profits and losses of a limited partnership and the right to
receive distributions of partnership assets;
(xi) "Person" means a natural person, partnership,
limited partnership (domestic or foreign), limited liability
company, trust, estate, association or corporation;
(xii) "State" means a state, territory or possession
of the United States, the District of Columbia, or the
Commonwealth of Puerto Rico;
(xiii) "Certificate of continuance" means the
certificate issued under the provisions of this act to continue
a foreign limited partnership in this state;
(xiv) "Foreign limited liability limited partnership"
means a foreign limited partnership whose general partners have
limited liability for the obligations of the foreign limited
partnership under a provision similar to W.S. 17-14-503;
(xv) "Limited liability limited partnership", except
in the phrase "foreign limited liability limited partnership"
means a limited partnership whose certificate of limited
partnership states that the limited partnership is a limited
liability limited partnership;
(xvi) "This act" means W.S. 17-14-201 through