Wyoming § 17-29-601 Member's power to dissociate; wrongful
dissociation

Wyoming Statutes

§ 17-29-601 — Member's power to dissociate; wrongful dissociation

Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 29 WYOMING LIMITED LIABILITY COMPANY ACT·Art. 6 MEMBER'S DISSOCIATION

(a)A person has the power to dissociate as a member at any time, rightfully or wrongfully, by withdrawing as a member by express will under W.S. 17-29-602(a)(i).

(b)A person's dissociation from a limited liability company is wrongful only if the dissociation:

(i)Is in breach of an express provision of the operating agreement; or

(ii)Occurs before the termination of the company and:

(A)The person is expelled as a member by judicial order under W.S. 17-29-602(a)(v); or

(B)The person is dissociated under W.S. 17-29-602(a)(vii)(A) by becoming a debtor in bankruptcy.

(c)A person that wrongfully dissociates as a member is liable to the limited liability company and, subject to W.S. 17-29-901, to the other members for damages caused by the dissociation. The liability is in addition to any

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(a) A person has the power to dissociate as a member at
any time, rightfully or wrongfully, by withdrawing as a member
by express will under W.S. 17-29-602(a)(i).
(b) A person's dissociation from a limited liability
company is wrongful only if the dissociation:
(i) Is in breach of an express provision of the
operating agreement; or
(ii) Occurs before the termination of the company
and:
(A) The person is expelled as a member by
judicial order under W.S. 17-29-602(a)(v); or
(B) The person is dissociated under W.S.
17-29-602(a)(vii)(A) by becoming a debtor in bankruptcy.
(c) A person that wrongfully dissociates as a member is
liable to the limited liability company and, subject to W.S.
17-29-901, to the other members for damages caused by the
dissociation. The liability is in addition to any other debt,
obligation or other liability of the member to the company or
the other members.

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