Wyoming Statutes

Wyo. Stat. § 17-21-703 (2026)

Dissociated partner's liability to other

✓ text as retrieved May 2026 (this copy records no edition or section history)
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persons.

     (a) A partner's dissociation does not of itself discharge
the partner's liability for a partnership obligation incurred
before dissociation. A dissociated partner is not liable for a
partnership obligation incurred after dissociation except as
provided in subsection (b) of this section.

     (b) A partner who dissociates without resulting in a
dissolution and winding up of the partnership business is
personally liable as a partner to the other party on account of
a partnership obligation incurred in connection with a
transaction entered into by the partnership or a surviving
partnership under article 9 of this chapter, within two (2)
years after the partner's dissociation, only if:

         (i)   The other party to the transaction:

               (A) Reasonably believes when entering the
transaction that the dissociated partner is a partner at that
time;

               (B)   Does not have notice of the partner's
dissociation; and

               (C) Is not deemed to have notice under W.S.
17-21-303(e) or 17-21-704; and

          (ii) The obligation is one on account of which the
partner would be personally liable under W.S. 17-21-306 if the
partner had not dissociated.

     (c) By agreement with the partnership creditor and the
partners continuing the business, a dissociated partner may be
released from liability for a partnership obligation.
     (d) A dissociated partner is released from liability for a
partnership obligation if a partnership creditor, with notice of
the partner's dissociation but without the partner's consent,
agrees to a material alteration in the nature or time of payment
of a partnership obligation.