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

Wyoming Statutes

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

Wyoming § 17-29-603

Title 17Corporations, Partnerships and Associations

Ch. 29WYOMING LIMITED LIABILITY COMPANY ACT

Art. 6MEMBER'S DISSOCIATION

This text of Wyoming § 17-29-603 (Effect of person's dissociation as member) 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. § 17-29-603 (2026).

Text

(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 p

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(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.