Wyoming Statutes
§ 17-21-503 — Transfer of partner's transferable interest
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 21 UNIFORM PARTNERSHIP ACT·Art. 5 TRANSFEREES AND CREDITORS OF PARTNER
(a)A transfer, in whole or in part, of a partner's
transferable interest in the partnership:
(i)Is permissible;
(ii)Does not by itself cause a winding up of the
partnership business; and
(iii)Does not, as against the other partners or the
partnership, entitle the transferee, during the continuance of
the partnership, to participate in the management or conduct of
the partnership business, to require access to information
concerning or an account of partnership transactions or to
inspect or copy the partnership books or records.
(b)A transferee of a partner's transferable interest in
the partnership is entitled to receive, in accordance with the
transfer, distributions to which the transferor would otherwise
be entitled. Upon transfer, the transferor retains the rights
and duties of a
Free access — add to your briefcase to read the full text and ask questions with AI
Wyoming § 17-21-503 (Transfer of partner's transferable interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 17-21-1001
Uniformity of application and construction§ 17-21-1002
Short title§ 17-21-1003
Application to existing relationships§ 17-21-101
Definitions§ 17-21-102
Knowledge and notice§ 17-21-104
Supplemental principles of law§ 17-21-106
Law governing internal affairs§ 17-21-108
Powers§ 17-21-1101
Registered limited liability partnerships§ 17-21-1102
Effect of registration; entity unchanged