Wyoming Statutes

§ 17-21-902 — Conversion of limited partnership to partnership

Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 21 UNIFORM PARTNERSHIP ACT·Art. 9 CONVERSIONS AND MERGERS
(a)A limited partnership may be converted to a partnership pursuant to this section.
(b)Notwithstanding a provision to the contrary in a limited partnership agreement, the terms and conditions of a conversion of a limited partnership to a partnership shall be approved by all the partners.
(c)After the conversion is approved by the partners, the limited partnership shall cancel its certificate of limited partnership pursuant to W.S. 17-14-303.
(d)The conversion takes effect when the certificate of limited partnership is canceled.
(e)A limited partner who becomes a partner as a result of the conversion remains liable only as a limited partner for an obligation incurred by the limited partnership before the conversion takes effect. The limited partner is liable as a partner for an obliga

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