Wyo. Stat. » Wyo. Stat. / Title 17 - Corporations, Partnerships and Associations / Chapter 21 - UNIFORM PARTNERSHIP ACT / Article 8 - WINDING UP PARTNERSHIP BUSINESS
Wyoming Statutes

Wyo. Stat. § 17-21-808 (2026)

Settlement of accounts among partners.

✓ current as of May 2026
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(a) In winding up the partnership business, the assets of
the partnership shall be applied to discharge its obligations to
creditors, including partners who are creditors. Any surplus
shall be applied to pay in cash the net amount distributable to
partners in accordance with their right to distributions
pursuant to subsection (b) of this section.

     (b) Each partner is entitled to a settlement of all
partnership accounts upon winding up the partnership business.
In settling accounts among the partners, the profits and losses
that result from the liquidation of the partnership assets shall
be credited and charged to the partners' accounts. The
partnership shall make a distribution to a partner in an amount
equal to that partner's positive balance. A partner shall
contribute to the partnership an amount equal to that partner's
negative balance only to the extent that negative balance is
attributable to an obligation for which that partner is
personally liable under W.S. 17-21-306.

     (c) To the extent not taken into account in settling the
accounts among partners pursuant to subsection (b) of this
section, each partner shall contribute in the proportion in
which the partner shares partnership losses, the amount
necessary to satisfy those partnership obligations for which the
partner is personally liable under W.S. 17-21-306. If a partner
fails or is not obligated to contribute, the other partners
shall contribute in the proportions in which the partners share
partnership losses, the additional amount necessary to satisfy
those partnership obligations for which the partners are
personally liable under W.S. 17-21-306. A partner or partner's
legal representative may recover from the other partners any
contributions the partner makes to the extent the amount
contributed exceeds that partner's share of the partnership
obligations but only to the extent such contributions are made
on account of obligations for which the other partners are
liable under W.S. 17-21-306.

     (d) The estate of a deceased partner is liable for the
partner's obligation to contribute to the partnership under
subsection (b) of this section.

     (e) An assignee for the benefit of creditors of a
partnership or a partner or a person appointed by the court to
represent creditors of a partnership or a partner, may enforce a
partner's obligation to contribute to the partnership under
subsection (b) of this section.
Notes of Decisions
Cited in 3 cases, 1996–2006 · leading case: B & R BUILDERS v. Beilgard, 915 P.2d 1195 (Wyo. 1996).
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B & R BUILDERS v. Beilgard, 915 P.2d 1195 (Wyo. 1996). · cites it 4× “Settlement of accounts among partners is controlled by Wyo.Stat. § 17-21-808 which states in relevant part: (a) In winding up the partnership business, the assets of the partnership shall be applied to discharge its obligations to creditors, including partners who are creditors.”
Warnick v. Warnick, 2003 WY 113 (Wyo. 2003). “The buyout price is equal to the amount that would have been distributable to the dissociating partner under § 17-21-808(b) if, on the date of the dissociation, the partnership's assets had been sold.”
Warnick v. Warnick, 2006 WY 58 (Wyo. 2006). · cites it 8× “” War- nick I, ¶ 24; Wyo. Stat. Ann. § 17-21-808 (b). The interplay between RUPA § 701(b) and § 808(b) requires that obligations to known creditors must be deducted before a partner distribution can be determined.”
— Wyo. Stat. § 17-21-808(a) — 1 case
B & R BUILDERS v. Beilgard, 915 P.2d 1195 (Wyo. 1996). “Settlement of accounts among partners is controlled by Wyo.Stat. § 17-21-808 which states in relevant part: (a) In winding up the partnership business, the assets of the partnership shall be applied to discharge its obligations to creditors, including partners who are creditors.”
— Wyo. Stat. § 17-21-808(b) — 2 cases
Warnick v. Warnick, 2003 WY 113 (Wyo. 2003). “The buyout price is equal to the amount that would have been distributable to the dissociating partner under § 17-21-808(b) if, on the date of the dissociation, the partnership's assets had been sold.”
Warnick v. Warnick, 2006 WY 58 (Wyo. 2006). “” War- nick I, ¶ 24; Wyo. Stat. Ann. § 17-21-808 (b). The interplay between RUPA § 701(b) and § 808(b) requires that obligations to known creditors must be deducted before a partner distribution can be determined.”
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