Section 17-29-501 – Nature of Transferable Interest.

17-29-501. Nature of transferable interest. A transferable interest is personal property.

Section 17-29-502 – Transfer of Transferable Interest.

17-29-502. Transfer of transferable interest. (a) A transfer, in whole or in part, of a transferable interest: (i) Is permissible; (ii) Except as otherwise provided in this chapter, does not by itself cause a member’s dissociation or a dissolution and winding up of the limited liability company’s activities; and (iii) Subject to W.S. 17-29-504, does […]

Section 17-29-503 – Charging Order.

17-29-503. Charging order. (a) On application by a judgment creditor of a member or transferee, a court may enter a charging order against the transferable interest of the judgment debtor for the unsatisfied amount of the judgment. A charging order requires the limited liability company to pay over to the person to which the charging […]

Section 17-29-504 – Power of Personal Representative of Deceased Member.

17-29-504. Power of personal representative of deceased member. If a member dies, the deceased member’s personal representative or other legal representative may exercise the rights of a transferee provided in W.S. 17-29-502(c) and, for the purposes of settling the estate, the rights of a current member under W.S. 17-29-410.