Wyoming § 17-21-804 Right to wind up partnership business

Wyoming Statutes

§ 17-21-804 — Right to wind up partnership business

Wyoming § 17-21-804

Title 17Corporations, Partnerships and Associations

Ch. 21UNIFORM PARTNERSHIP ACT

Art. 8WINDING UP PARTNERSHIP BUSINESS

This text of Wyoming § 17-21-804 (Right to wind up partnership business) 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. § 17-21-804 (2026).

Text

(a)After dissolution, a partner who has not wrongfully dissociated has a right to participate in winding up the partnership's business, but on application of any partner, partner's legal representative or transferee, the court, for good cause, may order judicial supervision of the winding up.

(b)The legal representative of the last surviving partner may wind up a partnership's business.

(c)A person winding up a partnership's business may preserve the partnership business or property as a going concern for a reasonable time, prosecute and defend actions and proceedings, whether civil, criminal or administrative, settle and close the partnership's business, dispose of and transfer the partnership's property, discharge the partnership's liabilities, distribute the assets of the partnership

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(a) After dissolution, a partner who has not wrongfully
dissociated has a right to participate in winding up the
partnership's business, but on application of any partner,
partner's legal representative or transferee, the court, for
good cause, may order judicial supervision of the winding up.
(b) The legal representative of the last surviving partner
may wind up a partnership's business.
(c) A person winding up a partnership's business may
preserve the partnership business or property as a going concern
for a reasonable time, prosecute and defend actions and
proceedings, whether civil, criminal or administrative, settle
and close the partnership's business, dispose of and transfer
the partnership's property, discharge the partnership's
liabilities, distribute the assets of the partnership pursuant
to W.S. 17-21-808 and perform other necessary acts, including
settlement of disputes by mediation or arbitration.