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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) In this chapter:
(i) “Business” includes every trade, occupation and profession;
(ii) “Chief executive office” means the principal operating headquarters and the primary offices of the chief executive officer;
(iii) “Debtor in bankruptcy” means a person who is the subject of:
(A) An order for relief under title 11 of the United States Code or a comparable order under a successor statute of general application; or
(B) A comparable order under federal or state law governing insolvency.
(iv) “Distribution” means a transfer of cash or other property from a partnership to a partner in the partner's capacity as a partner, or to the partner's transferee;
(v) “Foreign registered limited liability partnership” means a partnership or association formed under, or pursuant to an agreement governed by, the laws of any state or jurisdiction other than this state that is registered as a limited liability partnership under the laws of the other jurisdiction;
(vi) “Partnership” means an association of two (2) or more persons to carry on as coowners a business for profit formed under W.S. 17-21-202, predecessor law, or comparable law of another jurisdiction, and includes for all purposes of the laws of this state, a registered limited liability partnership;
(vii) “Partnership agreement” means an agreement, written or oral, among the partners concerning the partnership;
(viii) “Partnership at will” means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking;
(ix) “Person” means an individual, corporation, business trust, estate, trust, partnership, association, joint venture, government, governmental subdivision, agency or instrumentality or any other legal or commercial entity;
(x) “Property” means all property, real, personal or mixed, tangible or intangible, or any interest therein;
(xi) “Registered limited liability partnership” means a partnership formed pursuant to an agreement governed by the laws of this state, registered under W.S. 17-21-1101 and complying with W.S. 17-21-1103;
(xii) “State” means a state of the United States, the District of Columbia, the commonwealth 1 of Puerto Rico or any territory or insular possession subject to the jurisdiction of the United States;
(xiii) “Statement” means a statement of partnership authority under W.S. 17-21-303, a statement of denial under W.S. 17-21-304, a statement of dissociation under W.S. 17-21-704, a statement of dissolution under W.S. 17-21-806, a statement of merger under W.S. 17-21-906, a statement of registration as a registered limited liability partnership, or a renewal thereof, under W.S. 17-21-1101, a statement of continuance under W.S. 17-21-1106, a statement of registration as a foreign registered limited liability partnership, or a renewal thereof, under W.S. 17-21-1104 or an amendment, cancellation or withdrawal of any of the foregoing;
(xiv) “Transfer” includes an assignment, conveyance, lease, mortgage, deed and encumbrance;
(xv) “Registered agent” means as provided in W.S. 17-28-101 through 17-28-111.
Cite this article: FindLaw.com - Wyoming Statutes Title 17. Corporations, Partnerships and Associations § 17-21-101. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-17-corporations-partnerships-and-associations/wy-st-sect-17-21-101/
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 before relying on it for your legal needs.
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