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Section 17-14-401 – Admission of Limited Partners.

17-14-401. Admission of limited partners. (a) A person becomes a limited partner: (i) At the time the limited partnership is formed; or (ii) At any later time specified in the records of the limited partnership for becoming a limited partner. (b) Repealed by Laws 1995, ch. 45, § 2. (c) After the limited partnership is […]

Section 17-14-402 – Voting.

17-14-402. Voting. Subject to W.S. 17-14-403, the partnership agreement may grant to all or a specified group of the limited partners the right to vote (on a per capita or other basis) upon any matter.

Section 17-14-403 – Liability to Third Parties.

17-14-403. Liability to third parties. (a) Except as provided in subsection (d) of this section, a limited partner is not liable for the obligations of a limited partnership unless he is also a general partner or, in addition to the exercise of his rights and powers as a limited partner, he participates in the control […]

Section 17-14-404 – Person Erroneously Believing Himself Limited Partner.

17-14-404. Person erroneously believing himself limited partner. (a) Except as provided in subsection (b) of this section, a person who makes a contribution to a business enterprise and erroneously but in good faith believes that he has become a limited partner in the enterprise is not a general partner in the enterprise and is not […]

Section 17-14-405 – Information.

17-14-405. Information. (a) Each limited partner has the right to: (i) Inspect and copy any of the partnership records required to be maintained by W.S. 17-14-206; and (ii) Obtain from the general partners from time to time upon reasonable demand: (A) True and full information regarding the state of the business and financial condition of […]