Wyoming § 17-21-702 Dissociated partner's power to bind and
liability to partnership

Wyoming Statutes

§ 17-21-702 — Dissociated partner's power to bind and liability to partnership

Wyoming § 17-21-702

Title 17Corporations, Partnerships and Associations

Ch. 21UNIFORM PARTNERSHIP ACT

Art. 7PARTNER'S DISSOCIATION WHEN BUSINESS NOT WOUND UP

This text of Wyoming § 17-21-702 (Dissociated partner's power to bind and liability to partnership) 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. § 17-21-702 (2026).

Text

(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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(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 dissociation, for
which the partnership is liable under subsection (a) of this
section.