Title 17 — Title 17 — Corporations, Partnerships And Associations
32 chapters · 1,419 sections in this title.
W.S. § 17-25-101 Short title
0.1K chars
Short title. This chapter shall be known and may be cited as the "Wyoming Close Limited Liability Company Supplement."
W.S. § 17-25-102 Company Act
0.6K chars
Company Act. Application of Wyoming Limited Liability (a) The Wyoming Limited Liability Company Act applies to close limited liability companies to the extent not inconsistent with the provisions of this chapter and the powers provided the secretary of state by W.S. 17-29-1102 sh…
W.S. § 17-25-103 Definition and election of close limited liability company status
1.1K chars
Definition and election of close limited liability company status. (a) A close limited liability company is a limited liability company whose articles of organization contain a statement that the company is a close limited liability company. (b) A limited liability company formed…
W.S. § 17-25-104 Formation
0.3K chars
Formation. Any person may form a close limited liability company which shall have one (1) or more members by signing and delivering one (1) original and one (1) exact or conformed copy of the articles of organization to the secretary of state for filing. The person forming the cl…
W.S. § 17-25-105 Articles of organization
0.2K chars
Articles of organization. The articles of organization of a close limited liability company shall include a statement that the company is a close limited liability company and shall set forth the matters required by W.S. 17-29-201.
W.S. § 17-25-106 Management
0.7K chars
Management. Management of a close limited liability company shall be vested in its members which, unless otherwise provided in the operating agreement, shall be in proportion to the division of profits and losses among members. If provision is made for it in the articles of organ…
W.S. § 17-25-107 Withdrawal of members and return of members' contributions to capital
1.5K chars
Withdrawal of members and return of members' contributions to capital. (a) A member may only withdraw from a close limited liability company upon the terms and conditions set forth in the operating agreement. If no terms and conditions for withdrawal of a member are set forth in …
W.S. § 17-25-108 Dissolution
0.7K chars
Dissolution. (a) A close limited liability company organized under this chapter shall be dissolved upon the occurrence of any of the following events: (i) When the period fixed for the duration of the company expires; (ii) members; or By the unanimous written agreement of all (ii…
W.S. § 17-25-109 Repealed By Laws 2010, Ch
0.0K chars
Repealed By Laws 2010, Ch. 94, § 3.
W.S. § 17-25-110 Sharing of profits and losses; distributions
1.0K chars
Sharing of profits and losses; distributions. (a) A close limited liability company may divide and allocate the profits and losses of its business among the members and transferees of the company upon the basis provided in the operating agreement. If the operating agreement does …
W.S. § 17-25-111 Transferability of interest
0.4K chars
Transferability of interest. All interests in a close limited liability company, including transferable interests, shall only be transferred as provided in the operating agreement. If the operating agreement does not so provide, no transfer of a close limited liability company in…