§ 17-21-101 — Definitions

Wyoming § 17-21-101

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 21: UNIFORM PARTNERSHIP ACT
• Art. 1: GENERAL PROVISIONS

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(a) In this chapter:
(i) "Business" includes every trade, occupation and
profession;
(ii) "Chief executive office" means the principal
operating headquarters and the primary offices of the chief
executive officer;
(iii) "Debtor in bankruptcy" means a person who is
the subject of:
(A) An order for relief under title 11 of the
United States Code or a comparable order under a successor
statute of general application; or
(B) A comparable order under federal or state
law governing insolvency.
(iv) "Distribution" means a transfer of cash or other
property from a partnership to a partner in the partner's
capacity as a partner, or to the partner's transferee;
(v) "Foreign registered limited liability
partnership" means a partnership or association formed under, or
pursuant to an agreement governed by, the laws of any state or
jurisdiction other than this state that is registered as a
limited liability partnership under the laws of the other
jurisdiction;
(vi) "Partnership" means an association of two (2) or
more persons to carry on as coowners a business for profit
formed under W.S. 17-21-202, predecessor law, or comparable law
of another jurisdiction, and includes for all purposes of the
laws of this state, a registered limited liability partnership;
(vii) "Partnership agreement" means an agreement,
written or oral, among the partners concerning the partnership;
(viii) "Partnership at will" means a partnership in
which the partners have not agreed to remain partners until the
expiration of a definite term or the completion of a particular
undertaking;
(ix) "Person" means an individual, corporation,
business trust, estate, trust, partnership, association, joint
venture, government, governmental subdivision, agency or
instrumentality or any other legal or commercial entity;
(x) "Property" means all property, real, personal or
mixed, tangible or intangible, or any interest therein;
(xi) "Registered limited liability partnership" means
a partnership formed pursuant to an agreement governed by the
laws of this state, registered under W.S. 17-21-1101 and
complying with W.S. 17-21-1103;
(xii) "State" means a state of the United States, the
District of Columbia, the commonwealth of Puerto Rico or any
territory or insular possession subject to the jurisdiction of
the United States;
(xiii) "Statement" means a statement of partnership
authority under W.S. 17-21-303, a statement of denial under W.S.
17-21-304, a statement of dissociation under W.S. 17-21-704, a
statement of dissolution under W.S. 17-21-806, a statement of
merger under W.S. 17-21-906, a statement of registration as a
registered limited liability partnership, or a renewal thereof,
under W.S. 17-21-1101, a statement of continuance under W.S.
17-21-1106, a statement of registration as a foreign registered
limited liability partnership, or a renewal thereof, under W.S.
17-21-1104 or an amendment, cancellation or withdrawal of any of
the foregoing;
(xiv) "Transfer" includes an assignment, conveyance,
lease, mortgage, deed and encumbrance;
(xv) "Registered agent" means as provided in W.S.
17-28-101 through 17-28-111.