Wyoming Statutes
§ 17-21-702 — Dissociated partner's power to bind and liability to partnership
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 21 UNIFORM PARTNERSHIP ACT·Art. 7 PARTNER'S DISSOCIATION WHEN BUSINESS NOT WOUND UP
(a)For two (2) years after a partner dissociates without
resulting in a dissolution and winding up of the partnership
business, the partnership, including a surviving partnership
under article 9 of this chapter, is bound by an act of the
dissociated partner that would have bound the partnership under
W.S. 17-21-301 before dissociation only if the other party to
the transaction:
(i)Reasonably believes when entering the transaction
that the dissociated partner is a partner at that time;
(ii)Does not have notice of the partner's
dissociation; and
(iii)Is not deemed to have notice under W.S.
17-21-303(e) or 17-21-704.
(b)A dissociated partner is liable to the partnership for
any loss caused to the partnership arising from an obligation
incurred by the dissociated partner after dissociatio
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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