Wyoming Statutes
§ 17-31-113 — Membership and withdrawal of members
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 31 DECENTRALIZED AUTONOMOUS ORGANIZATION SUPPLEMENT·Art. 1 PROVISIONS
(a)Except as specified in subsection (d) of this section,
a member may only withdraw from a decentralized autonomous
organization in accordance with the terms set forth in the
articles of organization, the smart contracts or the operating
agreement.
(b)A member of a decentralized autonomous organization
may not have the organization dissolved for a failure to return
the members' contribution to capital.
(c)Unless the organization's articles of organization,
smart contracts or operating agreement provide otherwise, a
withdrawn member forfeits all membership interests in the
decentralized autonomous organization, including any governance
or economic rights.
(d)Where the articles of organization, operating
agreement and smart contracts for a decentralized autonomous
organization do not sp
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Nearby Sections
15
§ 17-31-101
Short title§ 17-31-102
Definitions§ 17-31-105
Formation§ 17-31-106
Articles of organization§ 17-31-108
Operating agreement§ 17-31-109
Management§ 17-31-110
Standards of conduct for members§ 17-31-113
Membership and withdrawal of members§ 17-31-114
Dissolution§ 17-31-115
Miscellaneous