§ 17-29-603 — Effect of person's dissociation as member

(a) When a person is dissociated as a member of a limited
liability company:
(i) The person's right to participate as a member in
the management and conduct of the company's activities
terminates;
(ii) If the company is member-managed, the person's
fiduciary duties as a member end with regard to matters arising
and events occurring after the person's dissociation; and
(iii) Subject to W.S. 17-29-504 and article 10 of
this chapter, any transferable interest owned by the person
immediately before dissociation in the person's capacity as a
member is owned by the person solely as a transferee.
(b) A person's dissociation as a member of a limited
liability company does not of itself discharge the person from
any debt, obligation or other liability to the company or the
other members which the person incurred while a member.