Wyo. Stat. § 17-29-502 (2026)

(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 not entitle the
transferee to:

               (A) Participate in the management or conduct of
the company's activities; or

               (B) Except as otherwise provided in subsection
(c) of this section, have access to records or other information
concerning the company's activities.

     (b) A transferee has the right to receive, in accordance
with the transfer, distributions to which the transferor would
otherwise be entitled.
     (c) In a dissolution and winding up of a limited liability
company, a transferee is entitled to an account of the company's
transactions only from the date of dissolution.

     (d) A transferable interest may be evidenced by a
certificate of the interest issued by the limited liability
company in a record, and, subject to this section, the interest
represented by the certificate may be transferred by a transfer
of the certificate.

     (e) A limited liability company need not give effect to a
transferee's rights under this section until the company has
notice of the transfer.

     (f) A transfer of a transferable interest in violation of
a restriction on transfer contained in the operating agreement
is ineffective as to a person having notice of the restriction
at the time of transfer.

     (g) Except as otherwise provided in W.S.
17-29-602(a)(iv)(B), when a member transfers a transferable
interest, the transferor retains the rights of a member other
than the interest in distributions transferred and retains all
duties and obligations of a member.

     (h) When a member transfers a transferable interest to a
person that becomes a member with respect to the transferred
interest, the transferee is liable for the member's obligations
under W.S. 17-29-403 and 17-29-406(c) known to the transferee
when the transferee becomes a member.