Wyoming § 17-21-308 Purported partner

Wyoming Statutes

§ 17-21-308 — Purported partner

Wyoming § 17-21-308

Title 17Corporations, Partnerships and Associations

Ch. 21UNIFORM PARTNERSHIP ACT

Art. 3RELATIONS OF PARTNERS TO PERSONS

This text of Wyoming § 17-21-308 (Purported partner) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 17-21-308 (2026).

Text

(a)If a person, by words or conduct, purports to be a partner or consents to being represented by another as a partner, in a partnership or with one (1) or more persons not partners, the purported partner is liable to a person to whom the representation is made:

(i)If that person, relying on the representation, enters into a transaction with the actual or purported partnership; and

(ii)If the purported partner would have been personally liable for obligations of the partnership under W.S. 17-21-306 if he actually had been a partner.

(b)Subject to subsection (a) of this section if the representation, either by the purported partner or by a person with the purported partner's consent, is made in a public manner, the purported partner is liable to a person who relies upon the purported pa

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(a) If a person, by words or conduct, purports to be a
partner or consents to being represented by another as a
partner, in a partnership or with one (1) or more persons not
partners, the purported partner is liable to a person to whom
the representation is made:
(i) If that person, relying on the representation,
enters into a transaction with the actual or purported
partnership; and
(ii) If the purported partner would have been
personally liable for obligations of the partnership under W.S.
17-21-306 if he actually had been a partner.
(b) Subject to subsection (a) of this section if the
representation, either by the purported partner or by a person
with the purported partner's consent, is made in a public
manner, the purported partner is liable to a person who relies
upon the purported partnership even if the purported partner is
not aware of being held out as a partner to the claimant. If
partnership liability results, the purported partner is liable
as if the purported partner were a partner. If no partnership
liability results, the purported partner is liable jointly and
severally with any other person consenting to the
representation.
(c) If a person is thus represented to be a partner in an
existing partnership or with one (1) or more persons not
partners, the purported partner is an agent of persons
consenting to the representation to bind them to the same extent
and in the same manner as if the purported partner were a
partner, with respect to persons who enter into transactions in
reliance upon the representation. If all the partners of the
existing partnership consent to the representation, a
partnership act or obligation results. If fewer than all the
partners of the existing partnership consent to the
representation, the person acting and the partners consenting to
the representation are jointly and severally liable as provided
in W.S. 17-21-306 as if the person actually had been a partner.
(d) A person is not a partner in a partnership solely
because the person is named by another in a statement of
partnership authority.
(e) A person does not continue to be a partner solely
because of a failure to file a statement of dissociation or to
amend a statement of partnership authority to indicate the
partner's dissociation from the partnership.