Wyo. Stat. § 17-29-104

Nature, purpose and duration of limited

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liability company.

     (a) A limited liability company is an entity distinct from
its members.

     (b) A limited liability company may have any lawful
purpose, regardless of whether for profit.

    (c)   A limited liability company has perpetual duration.

     (d) Limited liability companies may be organized under
this chapter for any lawful purpose, except for the purpose of
acting as a financial institution or acting as an insurer as
defined in W.S. 26-1-102(a)(xvi).

     (e) Nothing in this chapter shall be interpreted as
precluding an individual whose occupation requires licensure
under Wyoming law from forming a limited liability company if
the applicable licensing statutes do not prohibit it and the
licensing body does not prohibit it by rule or regulation
adopted consistent with the appropriate licensing statute. No
limited liability company may offer professional services or
practice a profession except by and through its licensed members
or licensed employees, each of whom shall retain his
professional license in good standing and shall remain as fully
liable and responsible for his professional activities, and
subject to all rules, regulations, standards and requirements
pertaining thereto, as though practicing individually rather
than in a limited liability company.

Notes of Decisions

Cited in 5 cases (1 in the last 5 years), 2014–2022 · leading case: Greenhunter Energy, Inc. v. Western Ecosystems Technology, Inc.

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Greenhunter Energy, Inc. v. Western Ecosystems Technology, Inc. (2014) wyo · cites it 7× “, Wyo. Stat. Ann. §§ 17-29-104 , 110, 401, 402 & 407.”

Mantle v. N. Star Energy & Constr. LLC (2019) wyo · cites it 2× “Generally, this separateness of identity insulates the entity's owners from personal liability for the entity's obligations, *799 liabilities, and debts. 1 Fletcher Cyc. Corp. § 14, Attributes of a corporation-Distinctness of corporate from individual rights and liabilities;…”

Tep Rocky Mountain Llc, a Delaware Limited Liability Company, F/K/A Wpx Energy Rocky Mountain, Llc, a Delaware Limited L (2022) wyo · cites it 2× “See also, Wyo. Stat. Ann. § 17-29-104 (a) (LexisNexis 2021) (a limited liability company is “an entity distinct from its members”).”

Management Nominees, Inc. v. Alderney Investments, LLC (2015) wyd · cites it 2× “Reviewing the power of attorney document as a whole, the Court agrees with Plaintiff that Dag-mara’s power of attorney is limited to the LLC itself, not the members or their ownership interests.”

Patina Development Group, LLC v. Debra Ann Wernowsky (2020) gactapp “9 9 Patina’s reliance on Wyo. Stat. Ann. § 17-29-104 , Greenhunter Energy, Inc.”

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