Wyoming § 17-21-302 Transfer of partnership property

Wyoming Statutes

§ 17-21-302 — Transfer of partnership property

Wyoming § 17-21-302

Title 17Corporations, Partnerships and Associations

Ch. 21UNIFORM PARTNERSHIP ACT

Art. 3RELATIONS OF PARTNERS TO PERSONS

This text of Wyoming § 17-21-302 (Transfer of partnership property) 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. § 17-21-302 (2026).

Text

(a)Subject to the effect of a statement of partnership authority pursuant to W.S. 17-21-303:

(i)Partnership property held in the name of the partnership may be transferred by an instrument of transfer executed by any partner in the partnership name;

(ii)Partnership property held in the name of one (1) or more partners with an indication in the instrument transferring the property to them of their capacity as partners or of the existence of a partnership, but without an indication of the name of the partnership, may be transferred by an instrument of transfer executed by the persons in whose name the property is held;

(iii)A partnership may recover property transferred under this subsection if it proves that execution of the instrument of transfer did not bind the partnership under W.S.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Subject to the effect of a statement of partnership
authority pursuant to W.S. 17-21-303:
(i) Partnership property held in the name of the
partnership may be transferred by an instrument of transfer
executed by any partner in the partnership name;
(ii) Partnership property held in the name of one (1)
or more partners with an indication in the instrument
transferring the property to them of their capacity as partners
or of the existence of a partnership, but without an indication
of the name of the partnership, may be transferred by an
instrument of transfer executed by the persons in whose name the
property is held;
(iii) A partnership may recover property transferred
under this subsection if it proves that execution of the
instrument of transfer did not bind the partnership under W.S.
17-21-301, unless the property was transferred by the initial
transferee or a person claiming through the initial transferee
to a subsequent transferee who gave value without having notice
that the person who executed the instrument of initial transfer
lacked authority to bind the partnership.
(b) Partnership property held in the name of one (1) or
more persons other than the partnership, without an indication
in the instrument transferring the property to them of their
capacity as partners or of the existence of a partnership, may
be transferred free of any claims of the partnership or the
partners by the persons in whose name the property is held to a
transferee who gives value without having notice that it is
partnership property.
(c) If a person holds all of the partners' interests in
the partnership, all of the partnership property vests in that
person. That person may execute documents in the name of the
partnership to evidence vesting of the property in that person
and may file or record those documents.