§ 17-25-103 — Definition and election of close limited liability company status

(a) A close limited liability company is a limited
liability company whose articles of organization contain a
statement that the company is a close limited liability company.
(b) A limited liability company formed under W.S.
17-29-101 through 17-29-1102 may convert to a close limited
liability company by amending its articles of organization to
include the statement required by subsection (a) of this
section.
(c) A statement in substantially the following form shall
appear conspicuously in the operating agreement and on any
certificates of ownership in a close limited liability company:
NOTICE OF RESTRICTIONS ON TRANSFERS AND WITHDRAWALS
The rights of members in a close limited liability company may
differ materially from the rights of members in other limited
liability companies. The Close Limited Liability Company
Supplement, articles of organization, and operating agreement of
a close limited liability company may restrict transfer of
ownership interests, withdrawal or resignation from the company,
return of capital contributions and dissolution of the company.