Wyoming § 17-25-110 Sharing of profits and losses; distributions

Wyoming Statutes

§ 17-25-110 — Sharing of profits and losses; distributions

Wyoming § 17-25-110

Title 17Corporations, Partnerships and Associations

Ch. 25CLOSE LIMITED LIABILITY COMPANY SUPPLEMENT

This text of Wyoming § 17-25-110 (Sharing of profits and losses; distributions) 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. § 17-25-110 (2026).

Text

(a)A close limited liability company may divide and allocate the profits and losses of its business among the members and transferees of the company upon the basis provided in the operating agreement. If the operating agreement does not so provide, profits and losses shall be allocated on the basis of the value of contributions to the company by each member and transferee to the extent they have been received by the company and have not been returned.

(b)Distributions by a close limited liability company before its dissolution and winding up may be made among the members and transferees of the company upon the basis provided in the operating agreement. If the operating agreement does not so provide, distributions shall be made on the basis of the value of contributions to the company by

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A close limited liability company may divide and
allocate the profits and losses of its business among the
members and transferees of the company upon the basis provided
in the operating agreement. If the operating agreement does not
so provide, profits and losses shall be allocated on the basis
of the value of contributions to the company by each member and
transferee to the extent they have been received by the company
and have not been returned.
(b) Distributions by a close limited liability company
before its dissolution and winding up may be made among the
members and transferees of the company upon the basis provided
in the operating agreement. If the operating agreement does not
so provide, distributions shall be made on the basis of the
value of contributions to the company by each member and
transferee to the extent they have been received by the company
and have not been returned.