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Wyoming · Through 2026 Budget Session; as of 2026-07-01

Wyo. Stat. § 17-25-103: Definition and election of close limited liability company status.

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Where this section sits in the code
  1. TITLE 17 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
  2. CHAPTER 25 - CLOSE LIMITED LIABILITY COMPANY SUPPLEMENT

(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 under W.S. 17-29-101 through 17-29-1102 may convert to a close limited liability company by amending its articles of organization to include the statement required by subsection (a) of this section.

(c) A statement in substantially the following form shall appear conspicuously in the operating agreement and on any certificates of ownership in a close limited liability company:

NOTICE OF RESTRICTIONS ON TRANSFERS AND WITHDRAWALS

The rights of members in a close limited liability company may differ materially from the rights of members in other limited liability companies. The Close Limited Liability Company Supplement, articles of organization, and operating agreement of a close limited liability company may restrict transfer of ownership interests, withdrawal or resignation from the company, return of capital contributions and dissolution of the company.

Collected 2026-09-04T00:16:32Z. Source file · JSON

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