Wyoming Statutes

§ 17-21-103 — Effect of partnership agreement; nonwaivable provisions

Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 21 UNIFORM PARTNERSHIP ACT·Art. 1 GENERAL PROVISIONS
(a)Except as provided in subsection (b) of this section, a partnership agreement governs relations among the partners and between the partners and the partnership. To the extent the partnership agreement does not otherwise provide, this chapter governs relations among the partners and between the partners and the partnership.
(b)A partnership agreement may not:
(i)Vary the rights and duties under W.S. 17-21-105 except to eliminate the duty to provide copies of statements to all the partners;
(ii)Unreasonably restrict a partner's right of access to books and records under W.S. 17-21-403(b);
(iii)Eliminate the duty of loyalty under W.S. 17-21-404(b);
(iv)Unreasonably reduce the duty of care under W.S. 17-21-404(d);
(v)Eliminate the obligation of good faith and fair dealing under W.S.

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