Wyoming § 17-29-602 Events causing dissociation

Wyoming Statutes

§ 17-29-602 — Events causing dissociation

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

(a)A person is dissociated as a member from a limited liability company when:

(i)The company has notice of the person's express will to withdraw as a member, but, if the person specified a withdrawal date later than the date the company had notice, on that later date;

(ii)An event stated in the operating agreement as causing the person's dissociation occurs;

(iii)The person is expelled as a member pursuant to the operating agreement;

(iv)The person is expelled as a member by the unanimous consent of the other members if:

(A)It is unlawful to carry on the company's activities with the person as a member;

(B)There has been a transfer of all of the person's transferable interest in the company, other than:

(I)A transfer for security purposes; or

(II)A charging order in effect under W

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(a) A person is dissociated as a member from a limited
liability company when:
(i) The company has notice of the person's express
will to withdraw as a member, but, if the person specified a
withdrawal date later than the date the company had notice, on
that later date;
(ii) An event stated in the operating agreement as
causing the person's dissociation occurs;
(iii) The person is expelled as a member pursuant to
the operating agreement;
(iv) The person is expelled as a member by the
unanimous consent of the other members if:
(A) It is unlawful to carry on the company's
activities with the person as a member;
(B) There has been a transfer of all of the
person's transferable interest in the company, other than:
(I) A transfer for security purposes; or
(II) A charging order in effect under W.S.