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Current as of December 01, 2021 | Updated by FindLaw Staff
(a) As used in this act, unless the context otherwise requires:
(i) “Certificate of limited partnership” means the certificate referred to in W.S. 17-14-301, and the certificate as amended or restated;
(ii) “Contribution” means any cash, property, services rendered, or a promissory note or other binding obligation to contribute cash or property or to perform services, which a partner contributes to a limited partnership in his capacity as a partner;
(iii) “Event of withdrawal of a general partner” means an event that causes a person to cease to be a general partner as provided in W.S. 17-14-502;
(iv) “Foreign limited partnership” means a partnership formed under the laws of any state other than this state and having as partners one (1) or more general partners and one (1) or more limited partners;
(v) “General partner” means a person who has been admitted to a limited partnership as a general partner in accordance with the partnership agreement and named in the certificate of limited partnership as a general partner;
(vi) “Limited partner” means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement;
(vii) “Limited partnership” and “domestic limited partnership” mean a partnership formed by two (2) or more persons under the laws of this state and having one (1) or more general partners and one (1) or more limited partners;
(viii) “Partner” means a limited or general partner;
(ix) “Partnership agreement” means any valid agreement, written or oral, of the partners as to the affairs of a limited partnership and the conduct of its business;
(x) “Partnership interest” means a partner's share of the profits and losses of a limited partnership and the right to receive distributions of partnership assets;
(xi) “Person” means a natural person, partnership, limited partnership (domestic or foreign), limited liability company, trust, estate, association or corporation;
(xii) “State” means a state, territory or possession of the United States, the District of Columbia, or the Commonwealth of Puerto Rico;
(xiii) “Certificate of continuance” means the certificate issued under the provisions of this act to continue a foreign limited partnership in this state;
(xiv) “Foreign limited liability limited partnership” means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to W.S. 17-14-503;
(xv) “Limited liability limited partnership”, except in the phrase “foreign limited liability limited partnership” means a limited partnership whose certificate of limited partnership states that the limited partnership is a limited liability limited partnership;
(xvi) “This act” means W.S. 17-14-201 through 17-14-1104.
Cite this article: FindLaw.com - Wyoming Statutes Title 17. Corporations, Partnerships and Associations § 17-14-202. Definitions - last updated December 01, 2021 | https://codes.findlaw.com/wy/title-17-corporations-partnerships-and-associations/wy-st-sect-17-14-202.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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